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Usage[ edit ] The term robber baron derives from the Raubritter robber knightsthe medieval German lords who charged nominally illegal tolls unauthorized by the Holy Roman Emperor on the primitive roads crossing their lands  or larger tolls along the Rhine river—all without adding anything of value, but instead lining their pockets at the cost of the common good rent seeking.
The metaphor appeared as early as February 9,when The New York Times used it to characterize the business practices of Cornelius Vanderbilt.
Stiles says the metaphor "conjures up visions of titanic monopolists who crushed competitors, rigged markets, and corrupted government. In their greed and power, legend has it, they held sway over a helpless democracy.
Political cronies had been granted special shipping routes by the state, but told legislators their costs were so high that they needed to charge high prices and still receive extra money from the taxpayers as funding.
Vanderbilt's private shipping company began running the same routes, charging a fraction of the price, making a large profit without taxpayer subsidy. The state-funded shippers then began paying Vanderbilt money to not ship on their route. A critic of this tactic drew a political comic depicting Vanderbilt as a feudal robber baron extracting a toll.
This article's lead section may be too long for the length of the article. Please help by moving some material from it into the body of the article. Please read the layout guide and lead section guidelines to ensure the section will still be inclusive of all essential details. Please discuss this issue on the article's talk page. (June ). As a follow-up to Tuesday’s post about the majority-minority public schools in Oslo, the following brief account reports the latest statistics on the cultural enrichment of schools in Austria. Vienna is the most fully enriched location, and seems to be in roughly the same situation as Oslo. Many thanks to Hermes for the translation from plombier-nemours.com is and in to a was not you i of it the be he his but for are this that by on at they with which she or from had we will have an what been one if would who has her.
Geisst says, "in a Darwinist age, Vanderbilt developed a reputation as a plunderer who took no prisoners. Hostile cartoonists might dress the offenders in royal garb to underscore the offense against democracy. At first, White says, they were depicted as: Robber Barons, standing for a Gilded Age of corruption, monopoly, and rampant individualism.
Their corporations were the Octopus, devouring all in its path. In the twentieth century and the twenty-first they became entrepreneurs, necessary business revolutionaries, ruthlessly changing existing practices and demonstrating the protean nature of American capitalism.
Their new corporations also transmuted and became manifestations of the "Visible Hand," a managerial rationality that eliminated waste, increased productivity, and brought bourgeois values to replace those of financial buccaneers. The originators of the Robber Baron concept were not the injured, the poor, the faddists, the jealous, or a dispossessed elite, but rather a frustrated group of observers led at last by protracted years of harsh depression to believe that the American dream of abundant prosperity for all was a hopeless myth.
Thus the creation of the Robber Baron stereotype seems to have been the product of an impulsive popular attempt to explain the shift in the structure of American society in terms of the obvious.
Rather than make the effort to understand the intricate processes of change, most critics appeared to slip into the easy vulgarizations of the "devil-view" of history which ingenuously assumes that all human misfortunes can be traced to the machinations of an easily located set of villains—in this case, the big businessmen of America.
This assumption was clearly implicit in almost all of the criticism of the period. The theme was popular during the s amid public scorn for big business.
Historian Steve Fraser says the mood was sharply hostile toward big business: Biographies of Mellon, Carnegie and Rockefeller were often laced with moral censure, warning that "tories of industry" were a threat to democracy and that parasitism, aristocratic pretension and tyranny have always trailed in the wake of concentrated wealth, whether accumulated dynastically or more impersonally by the faceless corporation.
This scholarship, and the cultural persuasion of which it was an expression, drew on a deeply rooted sensibility—partly religious, partly egalitarian and democratic—that stretched back to William Jennings Bryan, Andrew Jackson and Tom Paine.
Business historian Allan Nevins challenged this view of American big businessmen by advocating the "Industrial Statesman" thesis. Nevins, in his John D. The Heroic Age of American Enterprise 2 vols. He argued that while Rockefeller may have engaged in some unethical and illegal business practices, this should not overshadow his bringing order to the industrial chaos of the day.
Gilded Age capitalists, according to Nevins, sought to impose order and stability on competitive business, and that their work made the United States the foremost economy by the 20th century.
He notes that "Much of the modern history of corporations is a reaction against the Robber Barons and fictions. In the student body of Stanford University voted to use "Robber Barons" as the nickname for their sports teams. However, school administrators disallowed it, saying it was disrespectful to the school's founder, Leland Stanford.
In this lesson, you and your students will attempt to establish a distinction between robber barons and captains of industry. Students will uncover some of the less honorable deeds as well as the shrewd business moves and highly charitable acts of the great industrialists and financiers.
It has been argued that only because such people were able to amass great amounts of capital could our country become the world's greatest industrial power.
Some of the actions of these men, which could only happen in a period of economic laissez faire, resulted in poor conditions for workers, but in the end, may also have enabled our present day standard of living. He said "We believe in this country; we love this country; and we will be damned if we're going to see a handful of robber barons control the future of this country.
He founded around 3, libraries in U. His top advisor Frederick Taylor Gates designed several very large philanthropies that were staffed by experts who designed ways to attack problems systematically rather than let the recipients decide how to deal with the problem.
Cincinnati millionaires favored musical and artistic ventures; Minneapolis millionaires gave to the state university and the public library; Philadelphians often gave to overseas relief, and the education of blacks and Indians.
Boston had a weak profile, apart from donations to Harvard and the Massachusetts General Hospital. Rockefeller as a powerful monarch.A Note and a disclaimer. The Note: This great book should really be read by plombier-nemours.com is difficult to describe why it so great because it both teaches and inspires.
You really just have to read it. is and in to a was not you i of it the be he his but for are this that by on at they with which she or from had we will have an what been one if would who has her.
INCONVENIENT TRUTHS "You can either be informed and be your own rulers, or you can be ignorant and have someone else, who is not ignorant, rule over you.". Port Manteaux churns out silly new words when you feed it an idea or two. Enter a word (or two) above and you'll get back a bunch of portmanteaux created by jamming together words that are conceptually related to your inputs..
For example, enter "giraffe" and you'll get . "Robber baron" is a derogatory metaphor of social criticism originally applied to certain late 19th-century American businessmen who were accused of using unscrupulous methods to get rich, or expand their wealth, for example Cornelius Vanderbilt taking money from government-subsidized shippers, in order to not compete on their routes.
The history of the United States began with the settlement of Indigenous people before 15, BC. Numerous cultures formed. The arrival of Christopher Columbus in started the European colonization of the plombier-nemours.com colonies formed after By the s, thirteen British colonies contained million people along the Atlantic coast east of the Appalachian Mountains.