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They didn't.
The whole point of Robber Baron was to consume the marketplace for a commodity like Tea or Steel or Cotton with control that allowed high profits through price-setting control. Robber Barons popped up in unlikely places- newspapers -Hearst; Steel -Carnegie, Mellon, Oil-Rockefeller (Standard Oil) and so on. They attracted competition infrequently, but those who sought to compete wanted a share of the baron's profits, and once established became baron's in their own right.
That was the competition they attracted; even in commerce today, the big guy's attract competition, Walmart attracts Target, Kohl's, Price Club and so on. Best Buy attracts Gregg's; General Motors attracts...everybody.
The danger in being Number 1 (with a bullet) is that someone is always taking a "shot" at you. That's why Comcast fights so hard to keep competitive Content providers and internet Service competitors from accessing it's network, as do others.
Unfortunately there are many different monopolies at work in U.S. commerce today; some subtle, and some not so subtle.
Geographic monopolies, product and service monopolies, all exist today in some degree in Health, Education, even Government.
Wiki User
∙ 13y ago
Wiki User
∙ 8y agorobber barrons eliminated competition by buying them out.
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Was John W. Mackay a Robber Baron or a Captain of Industry?
John W Mackay was the opposite of a Robber Baron. He brought competition to the telegraph industry and reduced the price of telegraphs. He treated his workers fairly. The Robber Barons established cartels and cheated their workers. They ran sweat shops. They kept prices unnecessarily high. They destroyed competition.
What is the difference between robber barons and captains of industry?
robber=bad captain=good
Critics of powerful industrialists referred to them as what?
Robber Barons
What industry are the robber barons all connected with?
They were associated with the railroads.
During the industrial revolution critics called the powerful industrial leaders what?
Robber Barons
Critics of powerful industrialists referred to them as?
Robber barons
Why was robber barons better than the other robber barons?
becauses hes a good guy
How did robber barons create monopolies in the US in the late 1800?
The robber barons utilized and manipulated the idea of trusts and decimated even the smallest competition, making their industry into a monopoly. This eventually led to the Sherman-Antitrust Act.
19th century industrialists like Andrew Carnegie and John D. Rockefeller were called what?
Robber Barons
What were captains of industry?
Robber Barons
During the late 1800s what were the industrial leaders called?
Robber Barons. Or Captains of Industry. I'm not sure which one.
Was John W. Mackay a Robber Baron or a Captain of Industry?
John W Mackay was the opposite of a Robber Baron. He brought competition to the telegraph industry and reduced the price of telegraphs. He treated his workers fairly. The Robber Barons established cartels and cheated their workers. They ran sweat shops. They kept prices unnecessarily high. They destroyed competition.
What is the difference between robber barons and captains of industry?
robber=bad captain=good
What is a characteristic of robber barons?
Robber barons where men such as big tycoons who held monopolies over others, meaning robber barons where greedy/selfish people who did not give back to society or treat people as well as "captains," captains were those wealthy that were looked upon as leaders.
What did critics of powerful industrialists refer to them as?
Robber barons
Critics of powerful industrialists referred to them as what?
Robber Barons
Who was prince of railroad robber barons?
Jesse James.
