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The First Tycoon-T.J. Stiles

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NATIONAL BESTSELLERWINNER OF THE NATIONAL BOOK AWARDIn this groundbreaking biography, T.J. Stiles tells the dramatic story of Cornelius “Commodore” Vanderbilt, the combative man and American icon who, through his genius and force of will, did more than perhaps any other individual to create modern capitalism. Meticulously researched and elegantly written, The First Tycoon describes an improbable life, from Vanderbilt’s humble birth during the presidency of George Washington to his death as one of the richest men in American history. In between we see how the Commodore helped to launch the transportation revolution, propel the Gold Rush, reshape Manhattan, and invent the modern corporation. Epic in its scope and success, the life of Vanderbilt is also the story of the rise of America itself.

Book The First Tycoon Review :



This impressive biography of Cornelius Vanderbilt is more than a biography. The reader can trace the development of American economic history from 1800-1875 through the life of Vanderbilt. Hamilton wanted government directly involved in the nation’s economy. From Jefferson up to the Civil War, the strong trend was to remove the federal government from the economy and open the door to individual freedom to innovate and compete. This allowed Vanderbilt, probably one of the most resourceful and clever capitalist entrepreneurs who has ever lived, the freedom to start with a Staten Island ferry that would eventually lead to one of the most massive accumulations of personal wealth and control of capital enterprises of all time. Ironically, the freedom that the Jeffersonians and Jacksonians wanted led to the massive control of the economy not by the government but by incredibly wealthy individuals and corporations.Stiles’ biography is an enormously detailed book. It becomes increasingly technical in the economic sense as Vanderbilt moves from steamboats (and his fascinating adventures in Nicaragua) to railroads. Stiles should get enormous credit not only for his superb research, much better than earlier biographers of Vanderbilt, but also for his objectivity about the man and his ability to make as clear as possible to the average reader the often complex financial issues of Vanderbilt’s life. It is easy to see why this book won awards. Stiles not only gives us a man’s life (both personal life and business life) but how the American economic system developed in the 19th century.Stiles is also a smooth writer. Chapters are divided into reasonable chunks separated by double spacing and the transitions and paragraph structures throughout the book are fluent and easy to follow. If I have any complaint (and it is a small one), it is that many many times Stiles ends these chapter subdivisions with either a cliffhanger sentence or some other “catch” line for the sake of dramatic continuity. This is unnecessary given the overall power of the book and Vanderbilt’s life. Except for that quibble, the book is a biographical tour de force that showed me not just the life of a brilliant, often cold, but complex man but also how the economic history of America as we know it today originated.
Yes, he was the first tycoon, but what's more important is that this is a story about a man who started with nothing and built his wealth with very hard work. This is the story of early America, which is made up of people from other countries who came to this country to make a life in the new world. Vanderbilt's life started with very little education - he had dropped out of school at an early age. Yet his thinking process throughout his life is equivalent to what we would expect from someone with an MBA. He used common sense and long-term thinking whenever he made decisions. What did it cost him to make his millions? Mostly his family paid for his success. He worked constantly. But he figured out how to come out ahead of his competitors. He even figured out how to get across Central America to reach the Pacific Ocean from the Atlantic without going around South America. He realized that this shortcut would allow him to get items to California so much quicker; definitely quicker than going across country, which could also be quite dangerous. This biography does an excellent job of describing how he built his success on boats and ships and finished with railroads. It also does an excellent job of describing how he related to other people, including his family members. He wasn't necessarily well liked, but when you finish reading the book, you have to have some respect for the man and his methods and how he built an empire from absolutely nothing. It's a very long book, but every page had so much to say and well worth all the words used to tell the story. I've always thought of the Vanderbilt's through the Biltmore Mansion in Asheville, NC, and Vanderbilt University in Nashville, TN, but this was only part of the end of his life - there was so much more to the man.

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