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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Andrew Carnegie
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JP Morgan
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John D. Rockefeller
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Thomas Edison
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Detailed explanation-1: -Many so-called robber barons-James J. Hill, Andrew Carnegie, Cornelius Vanderbilt, and John D. Rockefeller-became wealthy entrepreneurs through product innovation and business efficiency.
Detailed explanation-2: -Robber barons were 19th-century American industrialists who amassed great wealth by creating monopolies over major industries, often through unethical means. Robber barons took over industries such as railroads, banks, steel, cotton, oil, tobacco and liquor.
Detailed explanation-3: -Today’s so-called robber barons or captains of industry run digital monopolies, using similar 19th century tactics to drive out competition, exploit customer’s personal information, avoid taxes and engage in highly unethical business practices.
Detailed explanation-4: -Meet The 24 Robber Barons Who Once Ruled America.