THE VIRGINIA DYNASTY 1801 1825
AMERICAN INDUSTRIALIZATION FACTORY SYSTEM AND MARKET REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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a leader of industry who used unfair and illegal business tactics to force other companies out of business.
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someone who their used their wealth and influence to improve the lives of the American people.
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Either A or B
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None of the above
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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 term “robber baron” dates back to the Middle Ages and carries a negative connotation. 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.
Detailed explanation-3: -people saw them as Captains of Industry because they were inventive, hardworking and led the way in the rise of American business.
Detailed explanation-4: -A robber baron is classified as a person who has gained wealth by corrupt and ruthless means. By this standard history can define a robber baron by evidence of corruption and unjust treatment of workers and general public.