Explain terms robber baron and captain of industry

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Reference no: EM133351988

During the Period of the Industrial Revolution, much strife and conflict arose between capital and labor. Capital being the industrialists and labor being the people working to make the economic machine function. Given what you have learned about the social, economic, and political situation in the 1870s-1890s in Ch 16 of our text, I would like you to address the points below. After answering the questions, you will refute two of your classmates on their assertions about this same issue.

Questions:

1. Explain the terms "robber baron" and "captain of industry" within the context of the time. Which side do you tend to fall on and why?

2. Evaluate the actions taken by various Robber Barons/Captains of industry of the time, how did they monopolize their industries?

3. During this period, what role did the government and courts play in relation to Robber Barons/Captains of industry? What role do you think the government SHOULD have played, if not the supportive/hands off role it did play.

Reference no: EM133351988

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