Were the nineteenth century entrepreneur's robber barons? The answers have
differing opinions as to who is answering them. One thing is for certain though, the big
business entrepreneur's did make decisions to increase their profits but on the other hand
their decisions often promoted economic growth, which created new jobs.
The industrial leaders of the late nineteenth century were virtually untouchable by
laws and regulations of America. These business leaders generally influenced the law
makers of our country. Often the American Congress were more partial to the big
business in hopes of receiving kick backs for favorable voting for laws helping the
corporations. Thus the phrases "Rich mans club" and the "House of Dollars" came about
The business men who controlled the big corporations lived a lifestyle that was on
total polar opposite worlds of the common industrial worker. John D. Rockefeller was
estimated to be worth $815,647,796.89 in 1892, and Andrew Carnegie averaged
$7,500,000 a year from 1889 to 1899. This disparity in income did not go over to well
American's in the late nineteenth century for the most part still believed in
individualism, so when big business leaders started controlling the lives of thousands of
people they saw it as a shot at American heritage. Also with the strength and influence of
the large corporations, competition of the small business's in the market economy was
On the other hand, big businesses did stimulate the economy which
created more jobs for the common man. Goods and products that were mass produced
came with lower price tags therefore allowing more people to buy them. This increase in
buying power led to a better lifestyle for many Americans.
The development of the big corporat
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