USA HISTORY

Detailed explanation-1: -"Robber baron” is a term used frequently in the 19th century during America’s Gilded Age to describe successful industrialists whose business practices were often considered ruthless or unethical. Included in the list of so-called robber barons are Andrew Carnegie, Cornelius Vanderbilt, and John D. Rockefeller.

Detailed explanation-2: -One of the captains of industry of 19th century America, Andrew Carnegie helped build the formidable American steel industry, a process that turned a poor young man into the richest man in the world.

Detailed explanation-3: -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.

Detailed explanation-4: -John D. Rockefeller made his immense riches from monopolizing America’s oil industry. Conspiring with refinery owners, he helped found what became known as the Standard Oil monopoly.

Detailed explanation-5: -Four men in particular created monopolies and gained vast wealth during the Gilded Age: JP Morgan, Cornelius Vanderbilt, John D. Rockefeller, and Andrew Carnegie. JP Morgan was born John Pierpont Morgan on April 17, 1837.