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What was the impact of robber barons on American history?
Robber barons were important because their terrible actions led to improvements. The union movement came about because of the way robber barons treated workers. This led to a better life for workers.
This term is used for a person who became wealthy through dishonest means such as bribery and cheating during the gilded age?
Robber baron was the term that was used for someone who became wealthy through dishonest means during the Gilded Age. The Gilded Age existed from the 1870s to roughly 1900.
The term robber barons was used during the gilded age to characterize?
Leaders of big business
Was JP Morgan a Robber Baron or Captain of Industry?
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)
Why is john d Rockefeller hated?
He could be considered a robber baron of the Industrial Age. This meant that he acquired his wealth through ruthless means such as forcing smaller companies out of businesses. He was known to cheat himself to the top by stealing plans from other businesses and used the concept of Social Darwinism to justify his means of acquiring wealth.
