Essay heading: Robber Barons and the Gilded Age

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United States

 

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June 30, 2009

 

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3 / 592

 

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Morgan was one of the more selfish of the barons. He once said, “I owe nothing to the public, and often practiced fraud and distortion. His methods of monopolizing the banking industry were so obvious, that they were in fact called, “Morganization.” He once sold 5,000 defective rifles to General Fremont, and was never even filed suit against...
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Morgan still has an impact today since many companies produce faulty products or perform inadequate services that can sometimes even result in injury or even death, and are often written off as “human error” or bundles of cash pushed towards the victims to keep them quiet. Rockefeller, who capitalized on the oil industry, easily became one of the wealthiest men in America when he discovered the value of oil and made sure that he was the primary supplier of said, “black gold...
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