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- Q2292195 abstract "A robber baron is a wealthy, powerful businessman who employs practices including exerting control over natural resources, influencing high levels of government, paying subsistence wages, squashing competition by acquiring competitors, creating monopolies and raising prices, and schemes to sell stock at inflated prices to unsuspecting investors.The term robber baron appeared as early as the August 1870 issue of The Atlantic Monthly magazine. By the late 19th century, the term was typically applied to 19th century American businessmen who used exploitative practices to amass their wealth. The term combines the sense of criminal ("robber") and illegitimate aristocracy (a baron is an illegitimate role in a republic).We hear now on all sides the term "robber barons" applied to some of the great capitalists. ... The old robber barons of the Middle Ages who plundered sword in hand and lance in rest were more honest than this new aristocracy of swindling millionaires.—Lida F. Baldwin, quoting the August 1870 issue of The Atlantic Monthly, writing in 1907 about how little business had changed in 35 years.Historian Hal Bridges argues, "The most vehement and persistent controversy in business history has been that waged by the critics and defenders of the “robber baron” concept of the American businessman." Richard White, historian of the transcontinental railroads, says he has no use for the concept, which has been killed off by historians Robert Wiebe and Alfred Chandler. He notes that, "Much of the modern history of corporations is a reaction against the Robert Barons and fictions."In the 21st century the term has been used by presidential candidate Bernie Sanders in his attacks on Wall Street. He said "We believe in this country; we love this country; and we will be damned if we’re going to see a handful of robber barons control the future of this country." It has also been used to characterize Russian businessmen allied to Vladimir Putin.".
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- Q2292195 comment "A robber baron is a wealthy, powerful businessman who employs practices including exerting control over natural resources, influencing high levels of government, paying subsistence wages, squashing competition by acquiring competitors, creating monopolies and raising prices, and schemes to sell stock at inflated prices to unsuspecting investors.The term robber baron appeared as early as the August 1870 issue of The Atlantic Monthly magazine.".
- Q2292195 label "Robber baron (industrialist)".
- Q2292195 depiction The_protectors_of_our_industries.jpg.