Industrial Statesmen or Robber Barons?

America has always been thought of as the land of fortune, and as the country became more developed, many saw that this dream could do a reality. After the Civil War and towards the end of the nineteenth century, America became an industrial empire and was transformed into an economic giant. With the find of new raw materials and the enhancement of the technological era, many multitude took on the jobs of becoming businessmen. However, some of these businessmen became so stir in gaining as much m aney and power as executable, they became known as highwayman barons. In this essay I will be arguing that it is solely justified to holler industrial leaders robber barons because of their ruthless business practices. First, by creating monopolies that destroyed competition. Second, by exploiting employees to help themselves. Third, by manipulating the market for their advantage. industrial leaders such as Rockefeller, Carnegie, and Frick any made monopolies that on the who le negated the purpose of capitalism. By creating these huge monopolies, the leaders of these corporations annihilated exclusively of the competition, making it impossible for small businesses to compete, and in turn, took external fitted opportunity in the business industry altogether. The power of the monopoly is shown in the Culver Pictures draw that depicts Standard Oil as an octopus, grabbing eitherthing around it with its tentacles, compulsive every aspect of the way the company is run and how the harvest-tide is produced. This affected the smooch of the products being produced. Without the invisible hand of competition, thither was no reason for companies to make the best product possible if it was the only one available to the consumer. As if this is not enough, the prices also shot up because there were no competitors selling the said(prenominal) product for less. So these robber barons not only took away equal opportunity and they also produced lower quality p roducts for a higher price. Creating these..! .If you deprivation to get a ripe essay, order it on our website: OrderCustomPaper.com

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