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Robber Barons Industry Essay

779 words - 4 pages

The capitalist are extraordinary known for being a robber baron, rich that takes advantage of the poor for money. Their main goal is to make a great amount of money in business, not by equality and care for the employees. Taking measures of less payment with more working hours to make more money than their rivals. They have control over the senate and so much power over others. John D. Rockefeller, is a perfect example of a “robber Baron,” who refuses to help the poor and keeps all the money to themselves. He took action to sell stocks at an inflated price, which is a sense of being a criminal and illegal.

Robber barons are menacingly greedy for a drop of money and will not take any motive of care for the poor. In support of this, in 1879 “wealthy class is becoming more wealthy; but the poorer class is becoming dependent(Document A).” The employers, known as robber barons, is having a growth of more money than the employees who worked hard and have hired children to work. In addition to this, the industrialization of child labor started of the fact that children were cheaper and manageable at the time. For instance, you have “Breaker Boys” who are young children that work in coal mines; picking up coal for 10 hours a day and working 6 days a week during the 1800s. Thus allowing the capitalist to make more money while giving the children low wages for their hours of work. In support of this, from 1839 to 1848 children were paid 1 dollar to 1.25 dollars a day for coal miners and the children who work for laborers get 82 cents a day. So during this time the industrialists would pay as to so little to the children and not just only them, but also the men and women who work there as well in order to accumulate more wealth for themselves.

There was alliances made by capitalist so that they can produce more money by devising schemes with other businesses. Namely these people were no other than, John D. Rockefeller, Cornelius Vanderbilt, J.P.Morgan, and Andrew Carnegie who work together to stop other competitions, raise prices, and create monopolies during the 1800s. On top of that they were able to make trust by bribing senators, congressman, and even presidents to pass laws that favored monopolies. Yet the Oat Meal Trust, in 1887,...

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