WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
AMERICAN INDUSTRY DEVELOPMENT IN THE GILDED AGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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J.P. Morgan
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Andrew Carnegie
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John D. Rockefeller
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Cornelius Vanderbilt
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Detailed explanation-1: -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-2: -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-3: -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.