Robber Barons In The 1800's

356 Words2 Pages
In the 1800’s an almost pure capitalist country was being controlled, bribed, and powered by Robber Barons which employed most of their population in an unmonitored economy. During the late 19th century these Robber Barons were in control of most citizen’s salary. In order to increase profits many factories paid their workers a decent wage so their employees could afford their products. That was the United States. Again a similar problem is arising.Although the American economy is improving from the great recession , the middle class is shrinking, a problem for a consumerist based economy where the middle class makes up the consumerists. Every industry has a place in today’s world, however some industries are losing importance while others
Open Document