U.S. Industrial Revolution

Rockefeller required rebates from roads that carried his oil, and insisted they transport more to his competitors. Rockefeller's virtual(prenominal) ownership of the oil industry permitted him to run out up competitors piece "manipulating price and markets at will" (Wasserman 84).

Carnegie sit atop the steel industry, a man as remorseless as Rockefeller or Morgan when it came to his competitors and workers, despite his deserved reputation as also being a philanthropist. Carnegie, according to Wasserman (84) was known "to his associates as a pirate and to the workers in his factories as a killer." In one ugly instance of worker suppression, Carnegie hired Pinkerton agents who killed workers in his own factory. The power of t

hese tether men climbed in comparison to their escalating wealth. They began to have a noxious influence on the U.S.

market and government because of creating a virtual nobility of wealth among a handful of families in the U.S. As Wasserman (85), Washington had become the laughing stock of the nation while "Congress was transformed into a mart where the price of votes was haggled over, and laws, do to order, were bought and sold."

Wasserman, Harvey. "The Robber Barons." History of the United States. New York: Harper & Row, 1972.

The tinct on the economy from such practices was negative, with consumers having little alternatives and prices being gear up by the Captains of Industry without fear of competition. Frustra
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