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Robber of Barons

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“Robbers of Barons”
Robyn Brown
National Paralegal College
Assignment One

“Robbers of Barons”

During the Industrial Age, “Robber of Barons” consist a few people, who build and dominate the railroad, steel, finance, and oil to amass a personal fortune at the expense of the American people thorough eliminating the competition. “Robber of Barons” benefit the American people by creating jobs, making contributions to charities, exploring new business practices, investing into myriad of business, and expanding the business market. During the Industrial Age, the “Robbers of Barons” invest, encourage, and nurture inventions. This produce astronomical number of patents. From the beginning of American to 1860, there were only 36,000 patents issues. However, 440,000 patents were issued during1860 and 1890. (American History, n.d.) John D Rockefeller, a “Robber of Barons” benefit the American people by creating a monopoly among the oil industry without banks, because the rarity finding the oil deposits. Their competitors just dumped their waste into the river. When Standard Oil cornered the market, the company made a positive impact on the environment by making profit off their waste. As a result, people were aware of their environment. After the monopoly was dismantle, America realize the positive benefits it had on the infrastructure by no longer relying on the railroad. This benefit the American people, because business in the Industry Age depended heavily on the railroad to deliver their products. (Carnes, 2012) Another example of “Robber of Barons” is Cornelius Vanderbilt. He dominated and monopolize the railroad industry. An advantage of the railroad monopoly made traveling easier and faster. Furthermore, it connected American people to one another. From the railroad, American has the most effect and advance freight system from this

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