Industrialization and Captains of Industry Questions and Answers

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

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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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