What two robber barons benefited from railroads?
I’m writing an essay, and I can’t figure out which two robber barons my history teacher is talking about, so here’s more detail about it:
American society was changed dramatically after the Civil War and the Railroad was one of the biggest contributors to this change. Please explain how the railroads changed American society, politics and its economy during this gilded age period. Please include the two robber barons that benefited greatly from these changes that were provided by the railroads.
so is it Vanderbilt and Rockefeller or Vanderbilt and Gould or someone else?
Well…I believe it would be Rockefeller and Andrew Carnegie. At both points both people owned 90% of their industries because of the Railroads. For Andrea Carnegie he was in the steel business so, the railroads used steel to lay down the tracks so that was a major income for them. Both people also used tactics such as…making products cheaper and uhh more efficent. They are sometimes called robber barons because they were such a large corporation that they were able to decrease their prices so low that uhh they were making no profit..but their competitors were not able to keep up with them so they had to go out of business or merge. When that happened they would increase their prices way over the price it took to make the product giving them a great profit. There was nothing anyone could do because it was a monopoly…no one was left to competit..
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