USA HISTORY

THE VIRGINIA DYNASTY 1801 1825

AMERICAN INDUSTRIALIZATION FACTORY SYSTEM AND MARKET REVOLUTION

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The sometimes unethical business practices of some business owners led them to be given this nickname
A
Banksters
B
Tycoons
C
Fat Cats
D
Robber Barons
Explanation: 

Detailed explanation-1: -"Robber baron” is a term used frequently in the 19th century during America’s 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.

Detailed explanation-2: -The most powerful people during this period would later be called robber barons-a term which means exactly what it sounds like. These capitalist titans held great industrial monopolies and unprecedented wealth.

Detailed explanation-3: -Four men in particular created monopolies and gained vast wealth during the Gilded Age: JP Morgan, Cornelius Vanderbilt, John D. Rockefeller, and Andrew Carnegie. JP Morgan was born John Pierpont Morgan on April 17, 1837.

Detailed explanation-4: -Rockefeller may be associated with a Robber baron because he used illegal tactics to create a strong oil company. The most uncertain things of all his success was how he got it. John was getting discounts from other railroad companies which made them suspicious of him.

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