Who are robber barons quizlet?

Who are robber barons quizlet?

A term used in the 19th century in the U.S as a negative reference to business men and bankers who dominated their respective industries and amassed huge personal fortunes, typically as a direct result of pursuing various anti-competitive or unfair business practices!

What is meant by the term robber barons?

robber baron, pejorative term for one of the powerful 19th-century American industrialists and financiers who made fortunes by monopolizing huge industries through the formation of trusts, engaging in unethical business practices, exploiting workers, and paying little heed to their customers or competition.

How did robber barons get their name?

The first known uses of the phrase “robber baron” described feudal lords in medieval Europe who robbed travelers, often merchant ships along the Rhine River as they passed nearby. The term appeared in American newspapers in 1859. Its modern use stems from Matthew Josephson’s The Robber Barons (1934).

Which of the great industrialists pioneered horizontal expansion?

connection-Rockefeller started out with horizontal expansion buying out competiting oil refineries, but like Carnegie, soon established a vertically intergrated monopoly which controlled drilling,refining, and distribution of oil.

Who were the 4 robber barons quizlet?

Terms in this set (5)

  • Robber Baron.
  • Andrew Carnegie.
  • John Rockefeller.
  • J.P Morgan.
  • What was ironic about the way that these men ran their businesses as opposed to what they did with the money that they made?

What did the robber barons believe quizlet?

The belief that only the fittest survive in human political and economic struggle. Firms or corporations that combine for the purpose of reducing competition and controlling prices (establishing a monopoly).

What is another word for Robber Baron?

industrial magnate
In this page you can discover 3 synonyms, antonyms, idiomatic expressions, and related words for robber-baron, like: industrial magnate, financial magnate and feudal-lord.

What did the robber barons believe?

Robber barons typically affirmed principles of free market economics/capitalism. They often believed that the government should stay out of private…

Who was the biggest robber baron?

John D. Rockefeller controlled much of the American oil industry during the late 19th century and his business tactics made him one of the most notorious of the robber barons.

What did robber barons believe?

Who bought out competing oil refineries in a tactic known as horizontal expansion?

Quick examples of horizontal expansion are Standard Oil’s acquisition of about 40 other refineries and the acquisition of Arcelor by Mittal Steel and that of Compaq by HP.

How did John Rockefeller use horizontal expansion group of answer choices?

How did Rockefeller use horizontal integration to build his empire? The corporation produced its own tank cars, pipelines, and even it’s own wooden barrel.

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