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The term "robber barons" refers to a group of wealthy and powerful American businessmen in the late 19th century who amassed fortunes through monopolistic practices, exploitation of labor, and questionable business ethics. Notable figures included John D. Rockefeller in oil, Andrew Carnegie in steel, and Cornelius Vanderbilt in railroads. While they contributed to the country's industrial growth, they were often criticized for their ruthless tactics and the vast economic inequalities they created. The term reflects a negative view of their influence on American society and the economy during the Gilded Age.

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