Business Robber Barons in the American Industrial Revolution
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.”