Commodore Cornelius Vanderbilt: Steamboat and railroad tycoon

Cornelius Vanderbilt was a 19^th century entrepreneur who made made his riches in producing and sailing steamboats and creating some of the biggest railroad lines. He was born on Staten Island on May 27, 1794 into a poor family who couldn't give him a very good education. But with perseverance and hard work Vanderbilt became one of the most wealthy people in American history. As a boy he worked with his father on a steamboat line and found his interest for ships there. As a teenager he started shipping things on his own steamboat and a few years after that he bought a small fleet of ships and became a captain.

During the California gold rush of 1849 Vanderbilt started a steamboat line on the Atlantic and Caribbean to help ship things from California back to the east. And instead of going down to Panama to get to the west, Vanderbilt's ships went through Nicaragua and went back and forth a lot faster than going down to Panama. He even proposed putting a canal in Nicaragua because it was faster and most of it was already there with Lake Nicaragua and the San Jose River but Vanderbilt didn't get enough endorsements so the plans never followed through.

In the 1860s Vanderbilt started focusing on the up and coming Railroad industry. He started by buying a couple of lines that ran between Chicago and New York and introduced a new system called the inter-regional railroad system. It changed the way the railroads work by putting long lines in, instead of a lot of short lines. It made traveling cheaper and faster. Vanderbilt's system changed the railroad industry very positively.

At the start of the Civil War, Vanderbilt went to the Union army and offered his biggest and best steamboat the Vanderbilt but the army wasn't interested at that point claiming the war wouldn't last very long. But when the famous Confederate ship, the Merrimack, started raiding the east coast, the army took Vanderbilt's deal and his ship. The Vanderbilt stopped the Merrimack in its tracks. After stopping the Merrimack, the Vanderbilt helped track down another of the Confederate's ships. And for Vanderbilt's service to the Union army he was awarded the Congressional Gold Medal.

In 1869 the cousin of Vanderbilt's wife talked him into endorsing a University which eventually became, Vanderbilt University named in Vanderbilt's honor. And by no coincidence the schools nickname became the Commodores.

Cornelius Vanderbilt died on January 4, 1877, at his home in New England. His net worth at his death was over $100 million and in today's that's approximately $2,333,296,875 in 2016 dollars! 

For the Love of Money is the Root of All Evil: 1 Timothy 6:10

This is a famous verse from the Bible that even non-Christians know. It talks about money and if you love it too much it becomes like an idol and it can control your life. This is not to say that having a lot of money is bad, just don't let your love for money control you.

There is a song by the O'Jays called “For the Love of Money” it talks about money, obviously, and how people will steal for it and hurt for it. It's actually a pretty good song, lyrically and musically.

If you're thinking that being wealthy is immoral, well it's not necessarily wrong. It's not the amount of money that's immoral, it's the person who has or wants it that's immoral.

So if you ask yourself, “is it immoral or moral to be wealthy?” You can't just say it is or isn't, you have to look at a person and say, “are they being moral or immoral with their wealth?” To answer this question you need to look at what they do with their wealth. Do they love their money so much that it becomes an idol? Do they use their wealth for drugs and alcohol and other immoral things? Or do they put God, their family, and people in need before their wealth? That's how you can decide. It's the person behind the money that makes it right or wrong.

Another thing to point out is that not all people that give to charities are doing it because they want to help. They could be doing it to show off their wealth, like the Pharisees in the Bible. Are the people giving for the right reasons? Like the widow in the Bible. She gave out of her heart and didn't put her money before God.

Mark 12:41-44 (NIV)

Jesus sat down opposite the place where the offerings were put and watched the crowd putting their money into the temple treasury. Many rich people threw in large amounts. But a poor widow came and put in two very small copper coins, worth only a few cents.

Calling his disciples to him, Jesus said, “Truly I tell you, this poor widow has put more into the treasury than all the others. They all gave out of their wealth; but she, out of her poverty, put in everything—all she had to live on.”

So the next time you see someone who is wealthy, don't automatically think, “oh they're a horrible person because they're rich.” Look at what they do with their money. Do they use it to make the “world a better place?” or do they use it for themselves and their own well being? I’m not saying “someone should give all their money away” they have to use it for themselves. But are they exclusively thinking about themselves and their money. In other words, selfishness and idolatry.