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zheka24 [161]
3 years ago
14

Which term best describes wealthy business owners who often engaged in unfair or anti-competitive business practices?

History
2 answers:
Alenkasestr [34]3 years ago
4 0
It is the metaphor "Robber Baron" which dates back to the late 19th century.
Volgvan3 years ago
4 0

The correct answer is Robber Baron.

Robber Baron was a common title given to business owners who practiced unfair or anti-competitive businesses practices during the Gilded Age (late 1800's- early 1900's). Individuals like John D. Rockefeller, Andrew Carneige, and JP Morgan tried to completely eliminate their competition in their respective industries. For example, Rockefeller almost had a monopoly on the oil/kerosene industry while Careniege was known for his steel production.

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