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Robber Barons: The Captains Of The Steel Industry

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In the 18th and 19th centuries, the captains of industry, more popularly known as robber barons, controlled big businesses, but through unethical, cut-throat ways. Robber barons were the wealthy citizens who owned successful businesses which used tactics that kept them on top, and there competitors below them. These tactics included, trusts, pools, and holding companies, which were all forms of monopolies. There were many individuals who qualified as a robber baron, but three of the most well known are Andrew Carnegie, John Davidson Rockefeller, and John Pierpont Morgan. The robber baron of the steel industry, Andrew Carnegie, started out as an immigrant from Scotland. Carnegie’s first job was at a cotton mill, where he only made $1.20 a week.
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