USA HISTORY

Detailed explanation-1: -Many of the more successful entrepreneurs became known as ‘Captains of Industry’. Some called them ‘robber barons’ because of the ruthless tactics they used to destroy their competition and methods used to keep workers wages low.

Detailed explanation-2: -What might be considered an example of a “ruthless business tactic?” Cheating someone out of a deal. Why might a business want to gain influence over the government? So they can do whatever they can. What is the main idea of the cartoon (The Standard Oil Octopus)

Detailed explanation-3: -His ruthless methods and audacious manipulation for his own financial enhancement earned Gould the public reputation as the most disreputable Robber Baron of the late nineteenth century.

Detailed explanation-4: -What methods did ruthless business operators use to eliminate their competition? They set low prices so that their competitors would go out of business, then raise the prices once they eliminated their competition.