Cornelius Vanderbilt

John Steele Gordon | November/December 2004

Growing up in a family with many members who earned their livings on Wall Street and with many ancestors and relatives who had done the same, I—as might be expected—very early heard stories of business that I found as fascinating as the tales of military action I was soaking up

Business Scandal

John Steele Gordon | October 2003

Overrated For a hundred years the armor-plate scandal of the 1890s has been offered up as a definitive example of corporate greed. In fact it’s a better example of government incompetence.

Why Enron Always Happens

John Steele Gordon | November/December 2002

And how history shows it’s actually good for us

THERE’S AN OLD JOKE ABOUT A COMPANY’S NEEDING TO hire a new accounting firm. The chief executive invites the heads of eight firms to come in for interviews and he hires one right away. A friend asks him how he did it. “Simple,” the chief executive replies.

The American Heritage

Christine Gibson | October 1998

A ranking of the forty wealthiest Americans of all time (Surprise: Only three of them are alive today)

JOHN D. ROCKEFELLER 1839-1937

To the Swiftest

John Steele Gordon | March 1989

Steamboat competition was about more than speed.

If the Olympic Games demonstrate anything, it is that the urge to be the fastest lies deep in the human soul. And from the earliest days of humankind this urge has had its practical rewards beyond mere glory. The fastest caveman, after all, caught the most gazelles.

Managerial Babble

Peter Baida | April/May 1985

A letter written by Cornelius Vanderbilt in 1818 is my second-favorite business letter. Vanderbilt was then twenty-four, and he wrote to his employer, Thomas Gibbons, the owner of a ferry that ran between New Brunswick and New York City, about a competitor named Letson.

Exit Lines

August 1972

About to die at the untimely age of forty-four in 1883, Dr. George Miller Beard, a Connecticut physician and pioneer in neurology, remarked: “I should like to record the thoughts of a dying man for the benefit of science, but it is impossible.” And with those words, Dr.

The Commodore Left Two Sons

Frank Clark | April 1966

—and America’s greatest fortune up to that time, some $100,000,000. The legal battle that followed, full of tarts and torts and turnabouts, might have been plotted by Dickens

Dynamic Victoria Woodhull

Gerald W. Johnson | June 1956

Her past was shady but her conscience was excellent, and all in all she played a big part in the emancipation of women

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Featured Authors

Acheson, Dean

Dean Acheson (1893-1971) was an attorney and statesman who served as Secretary of State from 1949 to 1953 under President Harry Truman. A key architect of the Truman Doctrine and the Marshall Plan, Acheson stressed the importance of multilateral organizations in the fight against totalitarianism. Prior to his service in the Truman Administration, Acheson clerked for Supreme Court Justice Louis Brandeis, worked at Washington law firm Covington & Burling, and served as Undersecretary of the Treasury for one year under President Franklin Roosevelt.

Ambrose, Stephen E.

Stephen E. Ambrose (1936-2002) was a historian and professor who wrote on military history, presidential history, and American expansion and foreign policy. Ambrose has been praised for his biographies of Presidents Eisenhower and Nixon, and for helping to galvanize interest in World War II.

Becker, Elizabeth

Elizabeth Becker is an award-winning journalist and the author of several books. Her history When The War Was Over: Cambodia and the Khmer Rouge won accolades from the Robert F. Kennedy book award, while her recent biography of female conflict journalists You Don’t Belong Here: How Three Women Rewrote the Story of War won the 2022 Sperber Book Prize and Harvard’s Goldsmith Book Prize. She is also the author of America’s Vietnam War: A Narrative History for young adults.

Blight, David W.

David W. Blight is the Class of 1954 Professor of American History and Director of the Gilder Lehrman Center for the Study of Slavery, Resistance & Abolition at Yale University. Recently, Blight has written A Slave No More: Two Men Who Escaped to Freedom, Including Their Narratives of Emancipation, and Race and Reunion: The Civil War in American Memory, which won the Bancroft Prize, the Abraham Lincoln Prize, and the Frederick Douglass Prize.

Brinkley, Douglas

Douglas Brinkley, a distinguished professor of history at Rice University and Contributing Editor of American Heritage, has written more than 20 books, most recently The Wilderness Warrior: Theodore Roosevelt and the Crusade for America (Harper 2009) and The Reagan Diaries (HarperCollins 2007). Brinkley earned his B.A from Ohio State University University in 1982, and his Ph.D. from Georgetown University in 1989.