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Ad libitum [116K]
4 years ago
11

How did business leaders earn the nickname "robber barons"?

History
2 answers:
Kryger [21]4 years ago
4 0

-the nickname for the industrialists, like Carnegie and Rockefeller, fi you thought they were BAD for America, because they

~paid low wages

~had dangerous factories

~used child labors

~eliminated the competition and raise prices

~were against the labor unions and used force against strikes

~corrupted the government with payoffs

~created huge gap between the rich and the poor

DanielleElmas [232]4 years ago
3 0

People accused them of using unfair business practices.


Over time, consumers, workers, and the federal government came to feel that trusts, cartels, and monopolies gave businessmen unfair advantages. Because of their capacity to swindle the poor, shrewd capitalists became known as "robber barons."



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The first Dutch expedition arrived at the East Indies, a term which refers to the lands of South and Southeast Asia, in 1595 trying  to access to spices directly from Asia. When the Dutch government recognized the potential of the East Indies trade had, with a 400% profit, and with the intention of dominating trade in Southeast Asia, they amalgamated the competing companies into the United East India Company, which was granted a contract to make trades across Asia, monopolizing initially the indigenous spices such as nutmeg, peppers, cloves and cinnamon and then the non-indigenous products like coffee, tea, cacao, tobacco, rubber, sugar and opium.

This Dutch hegemony reached their greatest extent in the early 20th century, becoming in one of the most valuable European enterprises under the Dutch Empire, which contributed to their global prominence.


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