Who were the "Robber Barons"?

Study for The Gilded Age Test with engaging questions and explanations. Explore flashcards and multiple choice formats to understand the era's events, key figures, and societal changes. Get exam-ready today!

The term "Robber Barons" refers to wealthy and powerful industrialists during the Gilded Age who were often criticized for their unethical business practices. These individuals amassed significant wealth and power, particularly in industries such as railroads, oil, steel, and banking. Their practices included monopolistic strategies, exploitation of labor, and manipulation of government policies to favor their interests, which often came at the expense of the working class and smaller competitors.

The label highlights not only their financial success but also the moral questions surrounding their business tactics, drawing attention to the broader social and economic disparities of the time. While some might have viewed them as self-made men or heroes of capitalism, the negative connotation of "Robber Baron" underscores the belief that their fortunes were built through exploitative and sometimes ruthless means.

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