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Robber Barons Research Paper

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Billy Rudnik

Silverman

U.S. History 1

5/14/16

Late 19th Century Tycoons Assignment

Several nineteenth-century industrialists are debated as both "captains of industry" and "robber barons". These include people such as J.P. Morgan, Andrew Carnegie, Andrew W. Mellon, and John D. Rockefeller.

The term “Robber Baron”combines the concept of a criminal robber with an illegitimate aristocrat baron and means becoming wealthy by unethical means.

For example. Rockefeller’s Standard Oil Company of Ohio controlled 90 percent of the refining business. Rockefeller reaped huge profits by paying his employees extremely low wages and driving his competitors out of business by selling his oil at a lower price than it cost to produce it. Then, when

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