Final answer:
The term "Robber Barons" was used to describe the industrialists and financiers of the late 19th and early 20th centuries. However, not all of them stole their fortunes by paying workers low wages.
Step-by-step explanation:
The statement is False.
The term "Robber Barons" was used to describe the industrialists and financiers of the late 19th and early 20th centuries. It implied that they accumulated their fortunes through unethical and exploitative practices, such as paying workers low wages and exploiting natural resources. However, it is important to note that not all industrialists and financiers were considered Robber Barons.
Some examples of famous Robber Barons include John D. Rockefeller, Andrew Carnegie, and J.P. Morgan. They built their fortunes through monopolistic practices, such as forming trusts and cartels, which allowed them to control markets and manipulate prices.
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