Business Robber Barons in the American Industrial Revolution

History / April 23, 2015 / No Comments /
A look at how American robber barons, disguised as industrialist statesmen, monopolized and exploited whole industries.

“Worldwide, the industrial revolution is characterized by a shift from a traditional agriculturally based economy to one based on the mechanized production of manufactured goods in large-scale enterprises. However, the American industrialization experience is uniquely characterized by the presence of Robber Barons. The Robber Baron was characterized by exploitation of labor and monopolistic and anti-competitive practices.”

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