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Robber Barons Research Paper

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Robber Barons/Captains of Industry The term “Robber Barons” became popularized in the late 19th century to describe extremely wealthy industrialists. They were despised by the general public for using virtually exploitative methods to obtain and retain their wealth, including establishing monopolies on resources, paying minimal wages, destroying potential rival companies, consolidating destroyed companies, and gaining governmental support. Horizontal Integration Horizontal integration involves buying out other companies and taking over one single step of an industrial process. It establishes a monopoly because, with horizontal integration, everyone must go the company that has monopolized that step. Vertical Integration Vertical integration …show more content…

This essentially allowed one company to run the others like a “mega-company”. Pools Pools (or cartels) are where multiple companies consolidate with each other and behave as one company. They were another kind of trust outlawed by the Sherman Anti-Trust Act and were different from holding companies in that there wasn’t necessarily one company that held the shares of the other ones. Interlocking Directorates The last kind of trust that was outlawed by the Sherman Anti-Trust Act: interlocking directorates involves executives sitting on the boards of multiple companies, effectively meaning that they could make similar decisions and coordinate these companies to behave in a homogenous form. Westward Migration- patterns Literally everything was facilitated by railroads that allowed people to go out there and transport goods (agricultural, animal goods) back to the East. The federal government encouraged westward migration with the Homestead Act. One underlying issue in the background was that Native Americans had to be displaced in the process. Immigration- Who came and what was the

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