In what's known as 'The Erie War,' Jay Gould and Cornelius Vanderbilt fiercely feuded for control over the Erie Railroad—a roughly 450-mile-long rail line through New York.

Listen to a breakdown of Jay Gould's life and career, ranging from his ownership of the Erie Railroad to his role in the 1869 'Black Friday' gold panic.

Watch Anderson Cooper, whose great-great-great-grandfather was railroad tycoon Cornelius Vanderbilt, walk through the family's history.

Travel the 363-mile Erie Canal, the waterway that cut freight costs by 90% and opened the American frontier.

DeWitt Clinton’s “Big Ditch” gamble transformed New York

Mocked as “Clinton’s Folly” and “Clinton’s Big Ditch,” New York Gov. DeWitt Clinton championed the Erie Canal against skeptics. His political drive secured funding for the project in 1817.

The Erie Canal transformed New York City into America’s banking capital

By redirecting western trade through New York Harbor, the canal turned New York into the nation’s commercial hub. This surge in commerce shifted financial power from Philadelphia to Wall Street, establishing the city as America’s banking capital.

The Erie Canal was built without a single dollar of federal funding

After President Madison and Congress rejected the project, New York State financed the 363-mile Erie Canal entirely on its own—authorizing $7M in bonds in 1817.

A bankrupt flour merchant in debtor's prison helped inspire the Erie Canal.

Listen to an overview of the Gilded Age and the robber barons—including some of the most famous figures from the time and their lasting impact on American society and the economy.

The Erie Canal was opened Oct. 25, 1825, with a group of boats from Buffalo to NYC

The unlikely engineering project connecting the Midwest to the Atlantic saw a ceremonious opening as Governor Dewitt Clinton rode with a flotilla of boats from Buffalo on Lake Erie to New York City.

The Erie Canal runs 363 miles from Albany to Buffalo

Mostly using the low elevations of the Mohawk River Valley, the canal project connected the Great Lakes to the Atlantic seaboard for the first time. This site has a series of old and new maps of the canal.

Infrastructure projects in New York are much more difficult today

The Erie Canal was one of the most ambitious infrastructure projects in American history. Many have said such an effort would be impossible today. This article explores why that is the case and ponders the future of large-scale American infrastructure development.

Jim Fisk—a notorious stock raider who heavily colluded with fellow robber baron Jay Gould—was murdered by his business partner Ned Stokes after Stokes fell in love with Fisk's young mistress, Josie Mansfield.

Thomas Jefferson dismissed the Erie Canal as 'little short of madness'

When first proposed, President Jefferson scoffed at the idea of carving a 363-mile waterway through wilderness and rock. With no precedent in American engineering, the canal seemed impossible.

The Appalachian Mountains blocked east–west boat travel until the Erie Canal

The Appalachian Mountains, spanning from Alabama to Canada, long hindered inland commerce. The Erie Canal created the first reliable water route through the range by leveraging the natural valley of the Mohawk River, revolutionizing trade and migration.

The Erie Canal reduced freight costs by 90%

Before the canal, shipping goods overland cost about $100 per ton. After its completion in 1825, rates fell to just $10—making western farm products competitive in eastern markets for the first time.

A rush to invest in British rail in the 1840s led to investor ruin

During “Railway Mania,” speculative excitement pushed British rail shares to extreme valuations as investors chased rapid expansion. When costs ballooned and profits failed to materialize, the bubble collapsed in 1847—wiping out fortunes across the country.

Reflections on the Erie Canal’s 200-year history

Reflections on the Erie Canal traces the waterway from its 1825 opening to its evolving role today. Each short video in this 10-part series explores a different aspect of the canal and its legacy today.

The canal carried germs as well as goods

In 1832, North America’s first cholera epidemic spread inland by way of the Erie Canal, carried by immigrants arriving on ships. Fearful towns barred passengers from disembarking, yet cholera, smallpox, and other diseases still traveled the waterway.

Before dynamite was invented, Erie Canal builders blasted rock with gunpowder

Constructed decades before the invention of dynamite, the Erie Canal’s toughest obstacles were blasted through using black powder charges.

Read a breakdown of the 1869 'Black Friday' gold panic, the gold market crash orchestrated by robber barons Jay Gould and Jim Fisk.

The Erie Canal fueled a surge in westward settlement

By providing cheap, reliable transport to the interior, the canal made western lands more accessible. Farmers, traders, and immigrants moved into the Great Lakes region, accelerating population growth.

Gibbons v. Ogden expanded federal power over interstate commerce

In 1824, the Supreme Court unanimously invalidated a New York steamboat monopoly, ruling that navigation between states constitutes interstate commerce. Chief Justice John Marshall held that Congress has authority over such commerce and that conflicting state laws are void under the supremacy clause.

JP Morgan once gave Nikola Tesla more than $150K to fund Wardenclyffe Tower, a massive electrical transmission tower in the middle of New York's Long Island.

Amateur engineers built America’s first great infrastructure project

With no engineering schools in the US, the Erie Canal was designed and built by self-taught amateurs who improvised new methods and became known as the “Erie School of Engineering.”

NYC's first subway was built largely in secret

In 1870, Alfred Ely Beach secretly tunneled under Broadway in 58 nights, disguising his pneumatic subway as a mail tube to fool Tammany Hall, the corrupt political machine that ran New York City. Nearly half a million New Yorkers rode it before politics, and a stock market crash killed the project.

Henry Varnum Poor published a guide to the railroad industry in 1860

Poor's guide to the railroad industry helped investors evaluate changes and business decisions that might impact their investments. It was the first step in building the thorough datasets tracking companies and industries that Standard & Poor's is known for today.

Explore the technical side of the Erie Canal

Listen to this podcast from Northwestern University exploring the canal’s groundbreaking infrastructure—from locks and aqueducts to its role as America’s first large-scale engineered waterway.

In the late 1800s, New York City streets were covered with millions of pounds of horse manure thanks to a widespread horse-driven transportation industry.

Explore a list of well-known monopolies

Many American monopolies popped up during the rapid industrial growth of the Gilded Age. Industries like steel, tobacco, railroads, and telecommunication have all been monopolized at some point in history.

Ida Tarbell's massive investigation into John D. Rockefeller's Standard Oil exposed the unethical, often illegal business practices of the Gilded Age and helped usher in new business regulations.

Famed American investor Jesse Livermore made millions when the stock market crashed in 1929

Livermore made his first major short against rail company Union Pacific in 1906, coincidentally before an earthquake in San Francisco, which ultimately tanked share prices. During a financial panic the next year, JP Morgan reportedly asked Livermore to increase his long-term investments to restore hope and restabilize the market—which Livermore did. However, Livermore began betting against the market in 1929, sensing that stocks were too hot, and was one of the few people to benefit from the 1929 stock crash.

The original canal had 83 different hand-operated locks

Locks are gated chambers that raise and lower boats between stretches of water at different levels. On the Erie Canal, 83 such locks managed a 565-foot elevation change from the Hudson River to Lake Erie.

Explore railroad tycoon James Hill's mansion in St. Paul, MN.

Niagara power helped electrify early New York City

Tesla's AC system at Niagara Falls was so successful that electricity generated there lit up Broadway theaters and powered NYC's subway system in the early 1900s.

Robber barons grew monopolies over their respective industries through a combination of aggressive vertical and horizontal integration strategies.

'Ben Franklin's World' podcast explores the building of the Erie Canal

Historian Janice Fontanella, site manager of the Schoharie Crossing State Historic Site, joined the podcast to recount the engineering challenges, local innovations, and broader impact of constructing the Erie Canal.

Listen to the history of JP Morgan's sprawling life as one of the most influential American financiers and bankers.

How the Rockefellers' wealth evolved over time

The Rockefellers built one of the most powerful business empires in US history. By the early 1900s, their company, Standard Oil, controlled over 90% of the US oil market.

Two of American Express' co-founders also founded Wells Fargo

Henry Wells and William Fargo formed Wells, Fargo & Co. two years after American Express was created. Wells and Fargo saw an opportunity to expand the express delivery service from the East Coast and Middle America to the West Coast. The two initially asked the American Express board to expand operations, but the board declined, so they decided to create their own company. Today, Wells Fargo is among the top four largest banks in the US.

Erie Canal builders invented the “stump puller” to clear forests

One ingenious device created for the Erie Canal was the stump puller—a horse-powered machine using levers and chains to rip tree stumps from the ground.

Prior to the creation of the Securities and Exchange Commission, the 1913 Pujo Committee determined that 180 people were managing more than $22B—a large slice of the entire nation's wealth—and recommended extensive regulations.

The US finished what the French had started with Panama's canal

For about two decades, Suez Canal-builder and Frenchman Ferdinand de Lesseps led the project, but financial troubles forced it into the hands of the US, who completed it in 1914. This timeline, made to accompany the definitive PBS American Experience documentary about the canal, highlights major moments in its construction.

Cartoonist Thomas Nast helped bring down Boss Tweed, one of America's most corrupt political bosses.

Pulitzer left $2M to Columbia University to establish the Pulitzer Prize

The man who transformed the New York World into the largest newspaper in America in the late 1800s left his home country of Hungary in 1864 to fight in the US Civil War. When he died in 1911, Pulitzer left $2M to Columbia University to found its journalism school and establish the Pulitzer Prize.

Thomas Edison publicly executed animals with AC to convince the public of its dangers

J.P. Morgan first backed Thomas Edison's direct current system, seeing electricity's potential to usurp John D. Rockefeller's kerosene empire. Despite the investments and smear campaign against alternating current, alternating current ultimately won public support after lighting the 1893 World's Fair, after which Morgan would fund Tesla's wireless transmission tower.

The US' coastal vacation destinations were developed with the aid of railroad companies, creating pivotal aspects of the vacation industry.

Learn about the relationship between Thomas Edison and Henry Ford

Despite their 16-year age difference, legendary inventor Thomas Edison and Henry Ford developed a close relationship after meeting at a convention in New York. The two—alongside environmentalist John Burroughs and Harvey Firestone, the founder of Firestone Tire—were known as the "Four Vagabonds" and were famous for their long roadtrips, which were often highly publicized.

In the 1800s, the carcasses of the many horses that died transporting city residents were dumped in a bay in New York City.

The term 'robber baron' dates back to the Middle Ages and was originally used to describe feudal warlords who built castles alongside narrow parts of rivers and stole cargo from ships passing through.

Some of the robber barons, including Andrew Carnegie and John D. Rockefeller, were among America's greatest philanthropists.