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