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People accused them of using unfair business practices.


Over time, consumers, workers, and the federal government came to feel that trusts, cartels, and monopolies gave businessmen unfair advantages. Because of their capacity to swindle the poor, shrewd capitalists became known as "robber barons."



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Over time, purchasers, workers, and the federal government came to believe that trusts, cartels, and monopolies provided special privileges to businessmen. Shrewd investors were termed "robber barons" due to their potential to mislead the poor.

What is meant by robber barons?

Robber barons are the huge business people and investors that follow the monopoly of the big industries. The term is most used in the 19th-century American industrialist.

They are mostly engaging in the unethical way of doing business by exploitation of workers and paying little attention to customers or competition.

Thus, Shrewd investors were termed "robber barons" due to their potential to mislead the poor.

For more details about robber barons, click here:

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