USA HISTORY

Detailed explanation-1: -At face value, Morgan contributed greatly to American industry. He invested in Thomas Edison and the Edison Electricity Company; helped to create General Electric and International Harvester; formed J.P. Morgan & Company; and gained control of half of the country’s railroad mileage.

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: -"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-4: -Powerful industrialists like Carnegie and Rockefeller were called both “Captains of Industry” and “Robber Barons” because. they worked closely with their competitors and charged consumers incredibly high prices. they provided good paying jobs, but produced unsafe products.