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Entrepreneurship

15 Ruthless Tycoons Who Built — and Broke — America

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4. Cornelius Vanderbilt

4. Cornelius Vanderbilt
Image Source: Wikimedia Commons.

Cornelius Vanderbilt amassed a fortune in steamboats and railroads by engaging in aggressive price wars and strategic consolidations. His cutthroat tactics enabled him to dominate the transportation industry, significantly influencing America’s economic development. However, these practices often led to intense competition and market manipulation, raising questions about the ethics of his business methods (smithsonianmag.com).

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