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| − | The '''Robber Baron''' image of leading American businessmen was a hostile stereotype created by anti-capitalist writers in the [[Progressive Era]] (1890-1920s) who denounced American big business as bad because it supposedly hurt workers, consumers and democracy. | + | [[Image:Coal-TR.JPG|thumb|140px|right|[[Theodore Roosevelt]] teaches the childish coal barons a lesson; 1902 editorial cartoon]] |
| | + | The '''Robber Baron''' image of leading American businessmen was a hostile stereotype created by anti-capitalist writers in the [[Progressive Era]] (1890-1920s) who denounced American big business as bad because it supposedly hurt workers, consumers and democracy. The concept was widely popularized by Matthew Josephson's book ''The Robber Barons''.<ref>[https://fee.org/articles/how-the-myth-of-the-robber-barons-began-and-why-it-persists/ How the Myth of the 'Robber Barons' Began—and Why It Persists]</ref> |
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| | + | ==Background== |
| | The "robber" theme meant the businessmen seized the wealth created by the workers—the assumption was that capital did not create wealth, only manual labor and farming did that. | | The "robber" theme meant the businessmen seized the wealth created by the workers—the assumption was that capital did not create wealth, only manual labor and farming did that. |
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| | [[Business history]] scholars beginning in the 1920s and led by Professor [[Alan Nevins]] at Columbia University and later [[Alfred D. Chandler]] at Harvard, refuted the false "Robber Baron" image. The image occasionally appears in textbooks and, more often, in history lectures or editorials written from a leftist perspective. The image is distinctly American—European and Asians rarely displayed it. | | [[Business history]] scholars beginning in the 1920s and led by Professor [[Alan Nevins]] at Columbia University and later [[Alfred D. Chandler]] at Harvard, refuted the false "Robber Baron" image. The image occasionally appears in textbooks and, more often, in history lectures or editorials written from a leftist perspective. The image is distinctly American—European and Asians rarely displayed it. |
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| | ==See also== | | ==See also== |
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| | * [[John D. Rockefeller]] | | * [[John D. Rockefeller]] |
| | * [[Andrew Carnegie]] | | * [[Andrew Carnegie]] |
| | + | * [[Antitrust law]] |
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| | ==Further reading== | | ==Further reading== |
| | * Bridges, Hal. "The Robber Baron Concept in American History," ''Business History Review'', Vol. 32, No. 1 (Spring, 1958), pp. 1–13 [http://www.jstor.org/stable/3111897 in JSTOR] | | * Bridges, Hal. "The Robber Baron Concept in American History," ''Business History Review'', Vol. 32, No. 1 (Spring, 1958), pp. 1–13 [http://www.jstor.org/stable/3111897 in JSTOR] |
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| | * Latham, Earl, ed. ''John D. Rockefeller: Robber Baron or Industrial Statesman?'' (1949), reprints debates among historians. [http://www.questia.com/read/73971734?title=John%20D.%20Rockefeller%3a%20Robber%20Baron%20or%20Industrial%20Statesman%3f online edition] | | * Latham, Earl, ed. ''John D. Rockefeller: Robber Baron or Industrial Statesman?'' (1949), reprints debates among historians. [http://www.questia.com/read/73971734?title=John%20D.%20Rockefeller%3a%20Robber%20Baron%20or%20Industrial%20Statesman%3f online edition] |
| | * Miller, William. "American Historians and the Business Elite," ''Journal of Economic History,'' Vol. 9, No. 2 (Nov., 1949), pp. 184–208 [http://www.jstor.org/stable/2113639 in JSTOR] | | * Miller, William. "American Historians and the Business Elite," ''Journal of Economic History,'' Vol. 9, No. 2 (Nov., 1949), pp. 184–208 [http://www.jstor.org/stable/2113639 in JSTOR] |
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| | + | ==References== |
| | + | {{reflist}} |
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| | {{DEFAULTSORT:Baron, Robber}} | | {{DEFAULTSORT:Baron, Robber}} |
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| | [[Category:Economic History]] | | [[Category:Economic History]] |
| | [[Category:Business]] | | [[Category:Business]] |
| | [[Category:Historians]] | | [[Category:Historians]] |