USA HISTORY

Detailed explanation-1: -"Robber baron” is term used to describe America’s most successful industrialists. This derogative term was primarily used during the era of the late 19th century often known as the Gilded Age.

Detailed explanation-2: -Henry Ford. Automaker Henry Ford was a captain of industry who is considered to have treated his workers well. He believed that well-paid workers would be happier and more efficient.

Detailed explanation-3: -Some 19th-century industrialists who were called “captains of industry” overlap with those called “robber barons”. These include people such as Cornelius Vanderbilt, Andrew Carnegie, Andrew Mellon, Leland Stanford and John D. Rockefeller.

Detailed explanation-4: -The men that used ingenious business methods to create monopolies and vast wealth were also known as Captains of Industry because they exhibited leadership in their field and commanded the respect of the business world. Often times these Captains of Industry gave back their communities by participating in philanthropy.

Detailed explanation-5: -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.