Captains of Industry or Robber Barons

Cornelius Vanderbilt's Industry and Business Practices

• Cornelius Vanderbilt gained control of the shipping and railroad industry.
• He offered luxurious accommodations and exclusive services to his "best" customers, which helped him to gain a competitive advantage.
• Some people saw Vanderbilt as a Captain of Industry because he expanded and improved transportation infrastructure, creating jobs and stimulating economic growth.
• Others saw him as a Robber Baron because he used questionable business tactics, such as buying out competitors and cutting costs to increase profits, which led to accusations of exploitation and unfair labor practices.
• The main criticism of Vanderbilt's business practices was that he prioritized profits over social welfare and worker's rights, leading to accusations of exploitation and greed.