The Free Market and Politics: Cornelius Vanderbilt's Steamboat "Monopoly"

For the second video in this series, I discuss Cornelius Vanderbilt and his activities in New York's steamboat industry in the early 1800s. Some people like KnowledgeHub claim that Vanderbilt was one of the infamous "Robber Barons." However, the facts show that Vanderbilt was in fact a savvy business owner who was competing against state enforced monopolies. In this case, that monopoly was Robert Fulton's Steamboat Monopoly.

Links to KnowledgeHub's video, citations, and My 2 Cents social media will be available on my website. Link in a pinned comment below.

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