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Hi

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A Robber baron is a succesful investor or inventor who used their wealth to exploit the working class. Although buisnessmen such as Rockefeller and Carnegie helped the industry grow, they were seen as a negative influence on the working class.

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Though they made the lives of the lower class extremely difficult, the Captains of Industry employed a lot of the working class, industrialized America, and helped the government financially.

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The robber barons of the US market may have given jobs to many lower class workers, they still exploited the working class for their own benefit.

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Although Andrew Carnegie, John Rockefeller, and JP Morgan were the factors for a growing economy, their wrong doings exploited the working class and capitalist system.

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While captains of the industry in 19th century America oppressed the working class severely, they were extremely beneficial to the American economy, helped grow the education system (Vanderbilt), and influenced labor unions which eventually led to better working conditions.

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Some may argue that Gilded Age entrepreneurs such as Rockefeller, Carnegie, and J.P. Morgan were captains of industry who boosted the U.S. economy, however they only did so by manipulating the national government, abusing the lower class workers, and driving out competing companies in the same industry, therefore the entrepreneurs of this era are better known as Robber Barons.

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Despite exploiting many workers and forming monopolies, the wealthy businessmen of the time period acted as captains of industry, and led the US economy.

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While some may see Carnegie, Rockefeller, and Morgan as Captains of Industry for the amount of wealth and structure they provided the American economy, they are in fact robber barons for placing the accumulation of their personal wealth above all else.

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Although Andrew Carnegie, John Rockefellar, and J.P. Morgan protected industry in a newly expanding U.S. economy, these businessmen exploited the Capitalist System through worker abuse, rate fixation, and government influence and therefore should be labelled as Robber Barons.