Robber Barons

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Robber Barons or Captains of Industry?
Centuries have passed since great industrialist helped form America, but the debate still remains. Many industrialist are considered to be robber barons because of their tactics. People like CorneliusVanderbilt , John D. Rockeller, Andrew Carnegie, and J.P. Morgan, were often premeditated to be predatory and ruthless. Each capitalist subsidized to our economy today. These ingenious tycoons were captains of the industry.
One of America’s Builders, Andrew Carnegie were looked at to be a robber baron. Carnegie led the development of the steel industry. Starting off as a destitute immigrant, Carnegie was a self- made industrialist , who made many good investments , that lead to his success, according to Biography.com. …show more content…
Rockefeller corporated the Standard Oil Company, and was also the president of the large shareholder. His oil business started in Cleveland, Ohio in the year of 1863. Rockefeller was called a robber baron because her was accused to have predatory pricing; he collided with other railroad companies. President Rockefeller even went as far to borrow money to buy out some of his associates to take control of the refinery. “ He was accused of crushing out competition, getting rich on rebates from railroad, bribing men to sp on competing companies, of making secret argeements, of coering rivals to join to he Standard Oil Company under threat of being forced out of business, building up enormous fortunes on the ruins of other men, and so on( New York Times, 1937). U.S. Congress passed the Sherman Anti-trust Act in 1890. In 1911, the United States Supreme Court found the Standard Oil Company in violation of Anti-trust laws. The court dissolved within the trust became apart of Standard Oil of New Jersey ( www.history.com/topics/john-d-rockefeller.) Rockefeller is a “Captain of the Industry” because of his wrong doings, the U.S. has learned and made laws to prevent it from happening …show more content…
Vanderbilt was sobriquetted “ the Commadore.” The Commadore had reputation of being competitive and ruthless. He worked with his father,who worked with boats that carried cargo. Vanderbilt went into he steamboat industry. After being successful in shipping ,Vanderbilt took an interest in railroads, which he was also successful in ,as well. Magnate, Cornelius Vanderbilt came up with a system for quicker travel and to increase efficiency. Without the Commadore’s industry, the United States would probably be in a
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