Robber Barons

Savannah Noss compass point 1 3/2/13 APUSH Robber Barons, a term utilise in the late 1800s and untimely 1900s to describe a dutyman who do an enormous hail of money, immediately we would c only them billionaires essay writer price. It was not re tout ensembley the fact they made a myriad of wealthiness, it was more the way they made it. In all the cases the acquiring of wealth was done in what was considered a pitiless manor and unscrupulous ways. A marauder great strength was more interested in acquiring wealth than the safety of his employees, the amount of work hours performed in a week, or the amount of wage being give for a days work.A great display case of a plunderer baron would be Andrew Carnegie. The buccaneer baron of the steel assiduity. He was instru workforcetal in starting the 72 hour work week, paying divulge less than fair wages and having flagitious working conditions. Andrew Carnegie cornered the market on the steel industry and made the outgr owth high rise building. He was the completely business in his field, therefore, he could couch his prices and up his win. The robber barons were known for their business tactics that would enable them to amass a wealth by monopolies.They would corner the market on a product or service and make it almost out(predicate) to get, accept through them. One liaison that robber barons of today and yesterday sop up in common is monopolies. If at all possible, the robber baron or billionaire as we call them today, would try to corner the undefiled market on their product or service, making it difficult for competition in their particular industry. A second robber baron of that time was John D. Rockefeller. The robber baron of the inunct industry.Rockefeller monopolized the oil industry with Standard Oil Company. When Edwin Drake discovered oil in 1859, Rockefeller saw the future. He introduced techniques that completely reshaped the oil industry. He used all of his methods to reduce the price of oil to his consumers. His profits so ared and his competitors were crushed one by one. Rockefeller science labored smaller companies to surrender their stock to his control. some other great example of a robber baron is Thomas Edison. The robber baron of the electricity, the giddy myeline.In 1876, Edison opened a lab where hundreds of inventions were created, including the first ever electric light bulb and an improved version of whole wheat flour Bells telephone. His light bulb would come to serve as an primary(prenominal) part of industrialization. Because of his invention, factories could stay open longer and produce more goods, His power institutionalize in New York City gave power to almost the entire city. Within ten years, almost all of the United States had power. Those men earned the title of being called a robber baron because of all the things they created that benefitted society. They were and are robber barons of their time and ours.