USA HISTORY

Detailed explanation-1: -Instead of physically robbing individuals, the 19th century robber barons were said to have stolen control over natural resources, paid unfairly low wages, and pushed out their competition using questionable business practices.

Detailed explanation-2: -The term “robber baron” was first used in the Middle Ages to describe businessmen who used unethical methods to monopolize industry and were known to exploit workers. It was later applied to many of the American industrial tycoons of the late 19th and early 20th centuries.

Detailed explanation-3: -"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-4: -In turn, these monopolies were built upon the liberal use of tactics that are today the hallmark of organized crime: intimidation, violence, corruption, conspiracies, and fraud.