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In my opinion, JP Morgan was a Robber Baron because he used all the interest he collected from his bank and the income from the American Steel Company to fund large projects of his and to purchase many luxury items. (I.e. build random buildings for his college, Harvard)

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14y ago
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Wiki User

9y ago

That would depend both upon whom you ask, and whom specifically you wish to describe. A 'Captain of Industry' might be a person like Tesla (for electricity), patenting amazing advances in the field, yet allowing unlicensed others to (ab)use the patent in the public interest; whereas a 'Robber Baron' generally has more selfish ends in mind, and could not care less about the general--much less the relevant industry's--well being, a la Edison. Unfortunately, these descriptions are usually only made possible by hindsight, at least for the public.

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12y ago

One does not exclude the other. He made obscene profits using questionable practices, but he later became a philanthropist.

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Wiki User

15y ago

yes

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Anonymous

Lvl 1
4y ago

The terms Robber Baron and Captain of Industry are synonymous - history proves.

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Q: Was JP Morgan a Robber Baron or Captain of Industry?
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J. D. Rockefeller was considered both a robber baron and a captain of industry.


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Cornelius Vanderbilt was not considered a captain of industry as he was more of a entrepreneur. He wasconsidered a robber baron.


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Was Andrew Carnegie a Captain of Industry or a Robber Baron?

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he invetned the steel industury -- Actually he was the "main guy" in the oil industry. Carnegie was steel. I would say he is a Robber Baron because he started a monopoly and basically told other oil companies that they would either have to sign a trust (which basically allows him to take over their business and give a small dividend to the trustee) or he would run them out of business. --


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