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Robber baron is a term used frequently in the 19th century during Americas Gilded Age to describe successful industrialists whose business practices were often considered ruthless or unethical. Included in the list of so-called robber barons are Andrew Carnegie, Cornelius Vanderbilt, and John D. Rockefeller.
robber baron, pejorative term for one of the powerful 19th-century American industrialists and financiers who made fortunes by monopolizing huge industries through the formation of trusts, engaging in unethical business practices, exploiting workers, and paying little heed to their customers or competition.
Captains of Industry and Robber Barons Robber barons typically employed ethically questionable methods to eliminate their competition and develop a monopoly in their industry. Often, they had little empathy for workers. Captains of industry, however, were often philanthropists.
Robber baron is a term first applied by 19th century muckrakers and others as social criticism to certain wealthy, powerful, and unethical 19th-century American businessmen. The term appeared in that use as early as the August 1870 issue of The Atlantic Monthly magazine.
Included in the list of so-called robber barons are Andrew Carnegie, Cornelius Vanderbilt, and John D. Rockefeller. Robber barons were accused of being monopolists who earned profits by intentionally restricting the production of goods and then raising prices.
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Examples of captains of industry include Andrew Carnegie and John D. Rockefeller. On the other hand, robber barons were business ty who were criticized for their ruthless business practices and exploitation of workers. They were often accused of monopolistic control and unethical behavior.
The robber barons transformed the wealth of the American frontier into vast financial empires, gaining their fortunes by monopolizing essential industries. These monopolies grew through the use of intimidation, violence, corruption, conspiracies, and fraud, which today are considered the hallmarks of organized crime.

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