Robber Baron capitalists were wealthy industrialists during the Gilded Age who gained immense wealth and power through unethical business practices such as monopolies, exploitation of workers, and political corruption.
Related terms
Monopoly: A situation where one company dominates an entire industry, controlling prices and eliminating competition.
Exploitation: The act of taking advantage of someone for personal gain, often resulting in unfair treatment or underpayment.
Political Corruption: The dishonest or illegal actions by government officials to gain personal benefits or influence policies.