USA HISTORY

Detailed explanation-1: -Among the richest of the rich were the so-called robber barons, whose extreme avarice drove them to use unethical business practices and exploit workers to create lucrative monopolies, and in the process amass fortunes that would amount to billions of dollars in today’s money.

Detailed explanation-2: -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.

Detailed explanation-3: -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.

Detailed explanation-4: -Overall, robber barons put their profits above human life, which had many negative consequences for society such as death, injury, suffering. Because of their lack of rights, many workers formed unions to band against their employers to demand greater rights.