How did the robber barons get rich?

Answer 1

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.