answersLogoWhite

0

This goes back to the Dark and Middle Ages in Europe when law and order were not well established. Barons were a lower grade of noblemen who did not always have land. Some of them built strongholds (castles or fortified houses) at strategic places in remote areas and kept a lookout for wealthy looking travellers or merchants. If the travellers did not have their own escort of armed guards or if the barons thought they and their men had a chance of overcoming any guards, they then attacked the travellers and robbed them. Some of these robber barons became very rich, not because they produced anything but because they stole it. The term is generally used today to describe businesses (or their managers) that use strength to force smaller businesses to give up their assets. A similar modern term is "asset stripping": buy up a company, thus acquiring the rights to good products, brand names or patents, then sell off the company, which can no longer survive on its own.

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

The term robber barons was used during the gilded age to characterize?

Leaders of big business


What was the impact of robber barons on American history?

Robber barons were important because their terrible actions led to improvements. The union movement came about because of the way robber barons treated workers. This led to a better life for workers.


Who invented robber-barrons?

No one "invented " robber barons because it was a term used to describe people like Rockefeller. They were the riches men and lived like kings.


Which term best describes wealthy business owners who often engage in unfair or anticompetitive business practices?

Robber barons


What term best describes wealthy business owners who often engaged in unfair business practices?

robber barons good luck on study island :)


What were Robber Barons?

Robber Barons were wealthy businessmen who were known to use harsh practices to gain their wealth. They often used child or cheap labor, did not adhere to safety regulations and worked their employees long hours in order to keep production high.


Who is khamara?

In the late 19th and early 20th century was the time of industrialization. These time were good and Bad there could be a debate between either companies owners were robber barons. Or captains of Industrialization. The industrialization of the late 19th and 20th century were robber barons because they Would make workers work for very long hours and very low wages. They organized the holding company And they went against the unions. The reason the late 19th century and the early 20th century were full of robber barons because they had workers for very low wages and discriminated against sex and age. Back in that time they had sweat were all of the kids and the women worked. Even though we had sweat shops the industrialization were robber barons. In the years of 1875-1900, the wages for the women and children's were lower then the wage of of the inflation. Employers hired women because they worked for low wages and long hours they know that they would not quit because were else would they go. And children to for the same reason. The second reason that industrialists was because they were the ones who organized the holding company. This holding company did not make anything of there own. In fact they owns other companies that make the produces the goods and gain money from what those companies make. This made other companies to join each others companies so they could make big companies. Which led to the rich people even get more rich. The last season the 19th and the 20th century were full of robber barons and the robber barons made unions. The union would make the workers that were basically the parts that were the same industry. but that led into boycotts from the workers. But the robber barons did not want put up with this. They made and called it the blacklist. It was a list of all the people that were bad so no company would ever hire them. The 19th and the 20th century were full of produced goods and bads goods it all summed it up with the term of the robber barons. Robber barons would now hire workers that were yound and would pay minimum wage, and used the holding company and went against unions.


What is the English term for nanakawan?

The English term for "nanakawan" is "robber" or "thief."


The term robber borron was used to criticize the?

The term robber baron was used to criticize wealthy and powerful American businessmen. It was used widely during the late 19th century.


Who were the robber barons and what was the way they looked at their success?

The term "robber barons" refers to a group of wealthy and powerful industrialists and business magnates in the late 19th century United States, such as John D. Rockefeller and Andrew Carnegie. They often viewed their success as a result of personal merit and hard work, promoting the idea of the "American Dream." However, their accumulation of wealth frequently involved exploitative practices, monopolistic behaviors, and minimal regard for labor rights, leading to a mixed legacy of innovation and inequality. Ultimately, they justified their actions by claiming they contributed to economic growth and progress, despite the social costs.


How did the robber barons get rich?

Robber barons, a term used to describe wealthy industrialists in the late 19th century, amassed their fortunes through monopolistic practices, exploitation of labor, and manipulation of markets. They often capitalized on emerging industries like railroads, oil, and steel, using aggressive tactics to eliminate competition and establish dominance. Additionally, many benefited from favorable government policies and lack of regulation, allowing them to amass vast wealth while often disregarding ethical considerations. Their wealth often came at the expense of workers and the environment, leading to significant social and economic inequalities.


What was the term robber baron used to criticize?

tatics of big buisness leaders