Robber Barons

Robber Barons refers to a group of powerful American industrialists and financiers in the late 19th century who amassed significant wealth and influence through questionable business practices. They often exploited workers, engaged in monopolistic practices, and manipulated markets to eliminate competition. While some contributed to economic growth and innovation, their actions led to stark social inequalities and public backlash. Key figures included John D. Rockefeller in oil and Andrew Carnegie in steel. The term reflects both their financial success and the ethical concerns surrounding their methods, highlighting the tension between capitalism and corporate responsibility.