Answer:
During the Industrial Age, two terms commonly used to describe influential individuals were "Robber Baron" and "Captain of Industry."
1. Robber Baron: The term "Robber Baron" referred to industrialists or businessmen who were seen as unethical or exploitative in their business practices. They were accused of amassing enormous wealth by taking advantage of workers, engaging in monopolistic practices, and manipulating markets to their advantage.
Example: One example of a Robber Baron is John D. Rockefeller, the founder of Standard Oil Company. Rockefeller was criticized for employing ruthless tactics to eliminate competition, such as predatory pricing and secret rebate deals with railroads. These practices allowed him to dominate the oil industry and accumulate immense wealth.
2. Captain of Industry: The term "Captain of Industry" referred to industrialists or businessmen who were seen as positive forces in society. They were praised for their contributions to economic growth, technological advancements, and philanthropic endeavors. These individuals were believed to have played a significant role in the development of industries and the overall prosperity of the nation.
Example: Andrew Carnegie is a prime example of a Captain of Industry. He was a steel magnate who revolutionized the steel industry through innovations in production processes. Carnegie also used his wealth to fund libraries, educational institutions, and charitable foundations, leaving a lasting legacy of philanthropy.
It's important to note that the distinction between Robber Barons and Captains of Industry is not always clear-cut, and individuals could be viewed differently based on their actions and the perspectives of different groups in society.
Step-by-step explanation: