Why were John D. Rockefeller and Andrew Carnegie sometimes called robber barons?

Question

1. They stole from the rich to give to the poor.
2. They were known for their risky investment strategy.
3. They found tax loopholes and were able to keep all their money from the government.
4. They used ruthless business tactics against their competitors.

Answer 1

John D. Rockefeller and Andrew Carnegie were sometimes called robber barons because:

4. They used ruthless business tactics against their competitors.

This term refers to their aggressive methods of consolidating power and wealth in their industries, often engaging in practices that stifled competition, exploited workers, and manipulated markets.