Industrial Statesmen or Robber Barons?

America has always been thought of as the land of opportunity, and as the country became more developed, many saw that this dream could move in a reality. After the Civil War and towards the end of the ordinal century, America became an industrial empire and was transformed into an economic giant. With the uncovering of new raw materials and the enhancement of the technological era, many company took on the jobs of becoming businessmen. However, some of these businessmen became so suggest in gaining as much m 1y and power as executable, they became known as raider barons. In this essay I will be arguing that it is solely justified to cry 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 altog ether negated the purpose of capitalism. By creating these huge monopolies, the leaders of these corporations annihilated whole 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 study that depicts Standard Oil as an octopus, grabbing boththing 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 scent of the products being produced. Without the invisible hand o f competition, thither was no origin for co! mpanies 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 except they also produced lower quality products for a higher price. Creating these...If you expect to get a ripe essay, order it on our website: OrderCustomPaper.com

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