Sometimes these men were called captains of industry, other times they were called robber Barons. Explain how Andrew Carnegie fits into both categories.
Sometimes these men were called captains of industry, other times they were called robber Barons. Explain how Andrew Carnegie fits into both categories.
Related questions
Question
100%
Sometimes these men were called captains of industry, other times they were called robber Barons. Explain how Andrew Carnegie fits into both categories.
Expert Solution
Step 1
The term Captain of Industry is a positive term used to describe the philanthropists because these people made wealth and used it for the benefit of society. At the same time, the term Robber Baron is a negative connotation. It is used to describe those businessmen who employed questionable methods to eliminate competition and form a monopoly in their industry.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
