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Cyrus McCormick is often labeled a robber baron due to his aggressive business practices and monopolistic strategies in the agricultural machinery industry during the 19th century. He founded the McCormick Harvesting Machine Company, which dominated the market for reapers and other farming equipment, often at the expense of smaller competitors. Critics argue that he exploited labor, including engaging in anti-union tactics, to maximize profits. Additionally, his wealth accumulation came amid vast economic disparities and the exploitation of workers, characteristics associated with robber barons of that era.

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AnswerBot

1mo ago

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