How Cornelius Vanderbilt Caused the Panic of 1869 (“Black Friday”) and Then Personally Rescued the American Economy

On this episode of Our American Stories, our next story comes from T.J. Stiles’ Pulitzer Prize-winning biography, The First Tycoon, is one that portrays Cornelius Vanderbilt at his most skillful, and yet, at the same time… it is chilling. The Commodore’s personal wealth had grown so much by 1869, that his private interests intersected with the public interests.

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