Robber Barons

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Robber Barons

A pejorative term for wealthy industrialists in the late 19th century United States. Robber barons are credited with leading American industrialization and creating a great deal of wealth; however, they often did so through unethical means, many of which later became illegal. Price manipulation, union busting, and anti-competitive practices were common among robber barons. Well known robber barons include Andrew Carnegie, John W. Rockefeller and Cornelius Vanderbilt.