USA HISTORY

Detailed explanation-1: -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-2: -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.

Detailed explanation-3: -J.P. Morgan was known for reorganizing businesses to make them more profitable and stable and gaining control of them. He reorganized several major railroads and became a powerful railroad magnate. He also financed industrial consolidations that formed General Electric, U.S. Steel, and International Harvester.

Detailed explanation-4: -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.