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Preferred term

robber barons  

Definition

  • Robber baron is a derogatory term generally used to describe an elite group of capitalists who advanced the American economy through investments in natural resources and land development throughout the 19th century. It was widely rumored (and in many cases true) that the business practices of these men were questionable, even for a time when regulations were lax, especially compared to today's standards. [Source: Encyclopedia of White-Collar and Corporate Crime; Robber Barons]

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https://concepts.sagepub.com/social-science/concept/robber_barons

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