How did Commodore's financial habits contribute to his success?

Commodore's company, New York Central, played a significant role in the railroad industry. By 1967, Commodore had control of all the railroads between New York and Buffalo, making his company a major player in the industry. At its peak, New York Central was the second-largest railroad company, indicating its substantial influence and reach. The company's success can be attributed to Commodore's strategic business practices, such as competitive pricing and investment in hard capital.

Commodore transitioned from the maritime industry to the railroad industry around 1964. He swapped his captain's hat for a conductor's hat and acquired controlling stakes in two New York-based railroads. By 1967, he had control of all the railroads between New York and Buffalo. At its peak, his company New York Central was the second-largest railroad.

Commodore had a significant impact on the transportation industry in New York. He started by earning a government contract in 1817 to ferry military supplies through New York Harbor. He used competitive pricing strategies to outdo his rivals, either forcing them to give in or buy him out. He then reinvested the profits into his business, expanding his fleet of boats and even building his own canal. Between the 1820s and 1850s, he built a steamboat fleet and facilitated the transportation of passengers and mail from New York to California during the gold rush. In 1964, he transitioned into the railroad industry, acquiring controlling stakes in two New York-based railroads. By 1967, he controlled all the railroads between New York and Buffalo. His company, New York Central, became the second-largest railroad company at its peak.