Essay on Robber Barons

This essay has a total of 575 words and 3 pages.

Robber Barons

The Robber Barons, as they were called, were the kings of American Industry and American
Society during the late 1800's and early 1900's. Rich beyond the average man's wildest
dreams, these industrialists were often criticized for their philosophies and their ways
of making money. Robber Barons can also be viewed as immoral, greedy, and corrupt, and the
evidence to support such a view is not difficult to find. Bribery, illegal business
practices, and cruelty to workers were not uncommon in this period, and many of the most
respected industrialists were also the most feared and hated.

Many people consider Rockefeller a robber of industry because of his forcible ways of
gaining his monopolies. Rockefeller was fond of buying out small and large competitors. If
the competitors refused to sell they often found Rockefeller cutting the prices of his
Standard Oil or in the worst cases, their factories mysteriously blowing up. Rockefeller
was obsessed with controlling the oil market and used many of undesirable tactics to flush
his competitors out of the market. Rockefeller was also a master of the rebate game. He
was one of the most dominant controllers of the railroads. He was so good at the rebate
that at some times he skillfully commanded the rail road to pay rebates to his standard
oil company on the traffic of other competitors. He was able to do this because his oil
traffic was so high that he could make or break a section of a railroad a railroad company
by simply not running his oil on their lines. Another one of Rockefellers earlier
mentioned but not explained tactics was his horizontally integrated monopoly. Rockefeller
used this horizontal monopoly to set prices and force his competitors to merge with him.
Continues for 2 more pages >>




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