The Rise Of The Industrial Revolution Essay

1007 Words Oct 29th, 2016 5 Pages
Analytical Paper In the late 1800s, with the rise of the industrial revolution, there were business titans make millions and curating monopoly. These men were know as Robber Barons, like Cornelius Vanderbilt, J.P Morgan, Andrew Carnegie and John D, Rockefeller. These men were buying up every business that had any relationship with their companies in order to corner the market and create monopolies. These companies had no restrictions on the business practices and business acquisitions during this time. The U.S was a free market system, there where no government regulations or restrictions on trust or monopolies, which let the robber barons run free and can do want they want. In the 1820s the U.S. produced only <5% of the goods in world economy, by the 1880s the U.S. was the largest economy in the world. This would not be possible without the use of massive industrialization of our economy. The robber barons may have had the biggest role or almost signal handedly helping our country becoming #1in the world in by the 1880s. Even though their business practices where very unethical and extremely frowned upon during this time. The robber barons where so driven to become .the captain of their industry, one of the side affects just happen to be make this U.S economy #1. Some people may have considered the robber barons ruthless and inconsiderate towards the public. Even though several of the robber barons were very generous towards education and charity. Andrew Carnegie…

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