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List 3 reasons why robber barons is an accurate description of industrialists

User Rick Rat
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Final answer:

Industrialists of the nineteenth century can be accurately described as robber barons due to their exploitation of workers, domination of industries, and ruthless business practices.

Step-by-step explanation:

The term “robber barons” accurately describes industrialists of the nineteenth century for several reasons. First, many of these industrialists amassed enormous fortunes by exploiting workers and bending laws to their advantage. For example, they often paid low wages and maintained poor working conditions in their factories. Second, they used their wealth and power to dominate entire industries and eliminate competition, creating monopolies that allowed them to control prices and exploit consumers. Lastly, their business practices were often ruthless and unethical, focused solely on maximizing profit at the expense of workers and the general public.

User Hanoo
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