Label each statement as Robber Baron (RB or Captain of Industry (CI)

Question

"After his retirement, Andrew Carnegie donated most of his money (over $350 million) to establish libraries, schools, and universities as well as a pension fund for former employees." "In 1895, at the depths of the Panic of 1893, Morgan loaned the US Treasury $65 million in gold to safeguard the collapse of the US government." "The steamboat and railroad tycoon, Cornelius Vanderbilt continuously cut shipping rates to the point that other steamboat and railroad companies could not compete and were forced out of business." "John Rockefeller often resorted to using spies and extortion to influence railroads to work in his favor by offering him kickbacks and rebates that were denied to his competitors." "In 1869, Jay Gould cornered the gold market by bribing the US Treasury Secretary into not releasing gold into circulation, which drove up the price of gold which Gould was hoarding."

Answer 1

Here are the labels for each statement:

1. "After his retirement, Andrew Carnegie donated most of his money (over $350 million) to establish libraries, schools, and universities as well as a pension fund for former employees." - Captain of Industry (CI)

2. "In 1895, at the depths of the Panic of 1893, Morgan loaned the US Treasury $65 million in gold to safeguard the collapse of the US government." - Captain of Industry (CI)

3. "The steamboat and railroad tycoon, Cornelius Vanderbilt continuously cut shipping rates to the point that other steamboat and railroad companies could not compete and were forced out of business." - Robber Baron (RB)

4. "John Rockefeller often resorted to using spies and extortion to influence railroads to work in his favor by offering him kickbacks and rebates that were denied to his competitors." - Robber Baron (RB)

5. "In 1869, Jay Gould cornered the gold market by bribing the US Treasury Secretary into not releasing gold into circulation, which drove up the price of gold which Gould was hoarding." - Robber Baron (RB)