Industrialization and Captains of Industry

Start Free Trial

What roles were played by the leading entrepreneurs like John D. Rockefeller, Andrew Carnegie, and J. Pierpoint Morgan in the Gilded Age?

Expert Answers

An illustration of the letter 'A' in a speech bubbles

These "robber barons" played a number of roles in the US economy during this time.  Let us look at a few of them.

  • Consolidators.  These entrepreneurs were actively involved in creating larger companies.  They used ruthless competition to absorb weaker companies, leading to an economy that was dominated by very large firms.
  • Creators of efficiency.  Part...

(The entire section contains 182 words.)

Unlock This Answer Now

Start your 48-hour free trial to unlock this answer and thousands more. Enjoy eNotes ad-free and cancel anytime.

Start your 48-Hour Free Trial
Approved by eNotes Editorial Team

Posted on