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Robber barons, a term used to describe certain wealthy industrialists in the late 19th century, often engaged in ruthless business practices to amass their fortunes. They frequently employed monopolistic strategies, such as undercutting competitors, engaging in price fixing, and manipulating markets to eliminate competition. Additionally, many utilized political connections and corruption to secure favorable regulations and government contracts, often at the expense of workers and consumers. Their approach to business prioritized profit over ethical considerations, leading to significant economic inequality and social unrest.

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1w ago

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