It was justified because he did what anyone else with the opportunity would do. His businesses practices were creating monopolies and trusts but what he was doing wasn't illegal up to a certain point in time when the courts decided to intervene. They all did it and they all became immeasurably wealthy. The government responded by introducing new laws to prevent such trusts and the labor was unsatisfied because they controlled everything.
It was created in symbolism, for the French Revolution.
I believe it was George W. Bush
<em>After centuries of technological progress and advances in international cooperation, the world is more connected than ever. But how much has the rise of trade and the modern global economy helped or hurt American businesses, workers, and consumers? Here is a basic guide to the economic side of this broad and much debated topic, drawn from current research.</em>
<em>Globalization is the word used to describe the growing interdependence of the world’s economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information. Countries have built economic partnerships to facilitate these movements over many centuries. But the term gained popularity after the Cold War in the early 1990s, as these cooperative arrangements shaped modern everyday life. This guide uses the term more narrowly to refer to international trade and some of the investment flows among advanced economies, mostly focusing on the United States.</em>