USA HISTORY

Detailed explanation-1: -He shipped so many goods that railroad companies drooled over the prospect of getting his business. Rockefeller demanded rebates, or discounted rates, from the railroads. He used all these methods to reduce the price of oil to his consumers. His profits soared and his competitors were crushed one by one.

Detailed explanation-2: -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-3: -Robber barons were seen to be negative forces in the society; ruthless businessmen solely concerned with personal benefit, whereas captains of industry are transformative leaders generating great industrial strength and benefit to the society.

Detailed explanation-4: -His ruthless methods and audacious manipulation for his own financial enhancement earned Gould the public reputation as the most disreputable Robber Baron of the late nineteenth century.