Final Answer:
Robber Baron is the term given to the 19th-century industrialists. True (option A)
Step-by-step explanation:
The term "Robber Baron" aptly describes a group of influential industrialists in the 19th century, particularly in the United States. Coined during this era, the term carries a pejorative connotation, emphasizing the questionable ethics and aggressive business practices employed by these industrial magnates. These individuals, including figures like Andrew Carnegie and John D. Rockefeller, were instrumental in shaping America's industrial landscape but were also criticized for their ruthless pursuit of wealth. They amassed fortunes by exploiting their workers through long hours, low wages, and poor working conditions. Additionally, these industrialists often engaged in monopolistic practices, eliminating competition and manipulating markets to their advantage.
The term "Robber Baron" reflects the public sentiment of the time, highlighting the perception that these industrialists were akin to predatory barons of the medieval era, amassing wealth at the expense of others. While contributing significantly to the nation's economic growth, their methods raised concerns about economic inequality and social justice. In conclusion, the term encapsulates the controversial legacy of 19th-century industrialists, capturing both their pivotal role in industrialization and the ethical criticisms they faced.