Robber Barons

Savannah Noss Period 1 3/2/13 APUSH Robber Barons, a term used in the late 1800s and early 1900s to describe a man of affairs who made an enormous amount of money, today we would call them billionaires essay writer price. It was not really the fact they made a myriad of wealth, it was more than the way they made it. In all the cases the acquiring of wealth was do in what was considered a ruthless manor and unscrupulous ways. A pillager baron was more interested in acquiring wealth than the preventive of his employees, the amount of work hours performed in a week, or the amount of employ being paid for a days work.A great example of a burglar baron would be Andrew Carnegie. The robber baron of the steel industry. He was instrumental in starting the 72 hour work week, remunerative out less than fair wages and having dangerous working conditions. Andrew Carnegie command the market on the steel industry and made the first naughty rise building. He was the only business in his fi eld, therefore, he could sterilize his prices and up his profits. The robber barons were known for their business tactics that would enable them to gather up a wealth by monopolies.They would corner the market on a product or service and make it almost impossible to get, take over through them. One thing that robber barons of today and yesterday move over in common is monopolies. If at all possible, the robber baron or billionaire as we call them today, would try to corner the full market on their product or service, making it difficult for competition in their particular proposition industry. A second robber baron of that time was John D. Rockefeller. The robber baron of the oil industry.Rockefeller monopolized the oil industry with Standard Oil Company. When Edwin Drake observe oil in 1859, Rockefeller saw the future. He introduced techniques that completely reshaped the oil industry. He used all of his methods to reduce the price of oil to his consumers. His profits so atomi c number 18d and his competitors were downcast one by one. Rockefeller forced smaller companies to surrender their stock to his control. some other great example of a robber baron is Thomas Edison. The robber baron of the electricity, the light bulb.In 1876, Edison opened a lab where hundreds of inventions were created, including the first eer electric light bulb and an improved version of Graham chimes telephone. His light bulb would come to serve as an authoritative part of industrialization. Because of his invention, factories could stay open longer and produce more goods, His office staff station in New York City gave power to almost the entire city. Within ten years, almost all of the United States had power. Those men gain the title of being called a robber baron because of all the things they created that benefitted society. They were and are robber barons of their time and ours.