EP1 A
What nickname does Cornelious Vanderbilt acquire?
The Commodore.
What big project does Vanderbilt create in New York City?
Grand Central Station. (Largest train station in America, covers 22 acres.)
What does Rockefeller promise Vanderbilt that he may not be able to keep?
That he will fill all of Vanderbilt's trains with his oil.
How does Rockefeller react to Vanderbilt's move?
Act of War.
What do Jay Gould and Jim Fisk do to thwart Vanderbilt's plan to buy the Erie Rail Line?
Print more stock certificates, by watering them down.
Who does Vanderbilt invite from Cleveland to New York to move his plan forward?
John D. Rockefeller
What does Rockefeller do with all of the profit he will make by playing the railroads against each other and what do we call it today?
Bought out his competitors. MONOPOLY!
What does Rockefeller do to counter Vanderbilt's move against him?
Builds his own oil pipeline.
What risk does Vanderbilt take at the height of his shipping career just before the Civil War?
Sells all of his ships and moves everything into railroads.
What event changes the outlook of the man from Cleveland?
Missing the train he was to take keeps him from being in a railroad accident, which would have killed him.
What does Vanderbilt do to regain an advantage over Rockefeller?
He went to Mr. Scott (his competitor) and decided together to pull all of Rockefeller's deals?
What is the ultimate result of Rockefeller's move against Vanderbilt and the railroads?
It made it so they couldn't fill the trains. Lost money.
What does Vanderbilt decide that he needs to do to finally control a majority of the railroads in America?
Find a supplier of kerosene and make a deal with him to transport it all on his railroads.
Why do Americans fear kerosene and how does Rockefeller calm those fears?
Dangerous, causes fires. Names his company Standard Oil and guarantees his products are the same.
What does Rockefeller do when Vanderbilt tries to build his own oil pipeline?
Shuts his oil wells near Pittsburgh.
What does Rockefeller's new competition do that makes him mad?
Going to build an oil pipeline of their own.