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The Rail Revolution: Cornelius Vanderbilt and Market Power (Part 3)
1:10:49
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In the 1860s, railroads are rewiring the American economy. The old value chain built around steamboats, canals, and local commerce is coming apart, and nobody knows which parts of the new one will be profitable.
Cornelius Vanderbilt is almost 70 years old and one of the wealthiest men in America. He has spent four decades mastering steamboats. He comes to railroads without a master…