What were robber barons How are they different from other we

What were robber barons? How are they different from other wealthy capitalists?

Solution

Robber Barons is a derogatory word used for rich American businessmen in late 19th century who used unscrupulous and corrupt methods to get rich. They used to hold great industrial monopolies and amassed huge wealth. They exploit industry workers paying low wages while getting the maximum output and revenue.

Wealthy capitalists are business people with huge wealth made from business irrespective of the practices used to gain the wealth. They mostly rely on business expansion through various strategies mostly through increasing trade.