Question
Name: __ The Men Who Built AmericaEpisode 1: "A New War Begins" -Vanderbilt 1. Soon after acquiring his first ferry, what reputation did Vanderbilt earn? 2. Why did they call him "The Commodore?" 3. In 1866, Vanderbilltwas especially struggling. What recent loss affected him so deeply? 4. Vanderbilt's rivals stopped believing he was a strong business adversary.What did Vanderbilt do to convince them he was still powerful? 5. What effect did closing the bridge have on the New York Central Railroad, and how did Vanderbilt profit from it? 6. Vanderbilt wanted to advertise his power as a railroad magnate. What enormous New York building did he help build? 7. Vanderbilt pioneered the technique of rapidly buying a large amount of another company's stock. This is called a __ 8. How did Gould & Fisk prevent Vanderbilt's takeover (and get rich in the process)? 9. The objective of the super rich is often not to make money it is to __ 10. Vanderbilt knew that a good entrepreneur finds something that people lack and gives it to them. What product did Vanderbilt decide to sell? 11. John D. Rockefeller was en route to a meeting with Vanderbilt . What happened on the trip there? 12. How did that event affect Rockefeller? After watching: 13. How did Vanderbilt's upbringing affect his business attitudes? 14. Given what you know about both Vanderbilt and Rockefeller, what do you think their meeting will be like when it takes place?
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Answer
1. Vanderbilt earned a reputation for being efficient and reliable in running his ferry service.2. He was called "The Commodore" due to his successful career in the shipping industry, particularly as a captain of steamships.3. The loss of his son in the Civil War deeply affected Vanderbilt in 1866.4. Vanderbilt strategically closed a bridge, disrupting the New York Central Railroad, and then bought up its shares at a low price to regain his dominance.5. Closing the bridge caused significant delays and inconvenience for the New York Central Railroad, leading to decreased profits. Vanderbilt profited by buying its shares cheaply during this crisis.6. Vanderbilt helped build Grand Central Depot in New York City to showcase his power as a railroad magnate.7. Vanderbilt pioneered the technique of rapidly buying a large amount of another company's stock, known as a "stock raid" or "bear raid."8. Gould and Fisk prevented Vanderbilt's takeover by manipulating the gold market, which led to a panic and a rise in gold prices, enabling them to profit immensely.9. The objective of the super-rich is often not solely to make money, but to exert power, influence, and control.10. Vanderbilt decided to sell ferry tickets, recognizing the demand for reliable transportation across the waterways.11. While en route to a meeting with Vanderbilt, Rockefeller's train derailed, causing him to miss the meeting.12. The event forced Rockefeller to reassess his strategies and approach to business, potentially making him more cautious and calculating.After watching:13. Vanderbilt's upbringing instilled in him a strong work ethic, resourcefulness, and a drive for success, which influenced his aggressive and competitive business attitudes.14. Given their respective backgrounds and business approaches, their meeting might be characterized by mutual respect but also a keen sense of competition and perhaps strategic maneuvering as they assess each other's strengths and objectives.