USA HISTORY

Detailed explanation-1: -Robber barons typically employed ethically questionable methods to eliminate their competition and develop a monopoly in their industry. Often, they had little empathy for workers. Captains of industry, however, were often philanthropists.

Detailed explanation-2: -people saw them as Captains of Industry because they were inventive, hardworking and led the way in the rise of American business.

Detailed explanation-3: -The term “robber baron” was applied to powerful nineteenth-century industrialists who were viewed as having used questionable practices to amass their wealth. On the other hand, “captains of industry” were business leaders whose means of amassing a personal fortune contributed positively to the country in some way.

Detailed explanation-4: -In the early nineteenth century J.P Morgan was both a Captain of industry and a Robber Baron. J.P. Morgan was considered by many a robber baron, and there are many reasons for this.

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.