Entrepreneurs wanted to gain as much power as possible. They wanted to maximize profits by paying workers a low wage and pay as little as they could for manufacturing. The individual appetite of corporations and people led to an individualistic hunger for success. Smaller companies began to be bought out and as a result there was a monopolistic approach to some business markets. Consumers had no choice but to purchase products at extremely high prices because businesses were allowed to set their own prices. There was tremendous greed; however this resulted in the development of the American Economy.
Josephson describes early businessmen as “Robber Barons” because during the post-civil war years, these people made tons of money similar to
Josephson describes early businessmen as “Robber Barons” because during the post-civil war years, these people made tons of money similar to