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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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<u>The other options are not true as the free trade was already a very known concept and the one that is very consistent with the capitalist theory. European nations also had plenty of goods to import from Africa and Asia, starting with materials like ivory and silk, to spices, food, etc. </u>

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