USA HISTORY

Detailed explanation-1: -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-2: -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-3: -Rockefeller, Cornelius Vanderbilt, Henry Ford, and Andrew Carnegie would by today’s standards be measured in the hundreds of billions of dollars-far more than tech giants like Elon Musk, Bill Gates, Mark Zuckerberg, and even Jeff Bezos, the wealthiest individual in the world as of 2019.

Detailed explanation-4: -Captains of industry is a phrase used to describe incredibly wealthy or successful businesspeople. In particular, the phrase is often used to refer to owners or CEOs of huge, successful companies.