Robber Barons Research Paper

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Robber Barons, also known as Captains of Industry, were industrial workers who formed massive monopolistic companies during the Gilded Age 1. Despite their reputation, the robber barons' investments led to the creation of millions of jobs and spurred more economic development during the Gilded Era in the United States. For example, Andrew Carnegie started investing in iron and steel during a time of rapid industrialization. He focused on vertical integration by not only owning the steel mills but also the mines that provided the raw materials, and even the distribution networks to sell the finished products. All this provided employment opportunities for people. On the other hand, these massive monopolistic companies and employees working in
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