Robber Barons Research Paper

Robber barons were detrimental in the development of American industrialization in the late 19th century. The term Robber Barons has a derogatory term applied to powerful, wealthy, and industrialists. Robber Barons were entrepreneurs whom many considered selfish and to be involved in activities such as dirty business schemes. Many small businesses were driven into debt having to file bankruptcy due to the monopolies created by Robber Barons. Most of the working class had built a hatred for Robber barons due to the activities that have affected them. For example, Homestead factory, which was owned by Carnegie had cut the wages of the skilled worker by 15% even though Carnegie Steel was the highly profitable leader, and on top of that, the workers …show more content…
Even though Robber Barons has derogatory connotation, it also has the connotation of the captains of industry due to their positive impact in the development in industrialization. They are referred to the captain of industry due to their creativity when capitalizing in growing industries led America to become a powerhouse nation. Regardless of the fact that many people had hated them due to the harsh condition, but Robber Barons have had improved the overall standards of living in America. Robber Barons were geniuses for capitalizing on the resources that were needed as a source for the industrialization of America. Robber barons also led to improvement in the government. Specifically, America’s government have a created laws to help make sure the country does not have anymore monopolist. The government’s checks and balance system also keeps people from getting what they want from corrupted members in the government. In the final analysis, Robber Barons were detrimental at the time, but they did make America a power house, make positive changes in the government, and as well increased standard of