robber barons资本强盗中.pptVIP

Robber barons 强盗男爵，强盗资本家 1、A disparaging term dating back to the 12th century which refers to: Unscrupulous feudal lords who amassed personal fortune by using illegal and immoral business practices, such as illegal charging tolls to passing merchant ships. 2、Robber Barons refer to industrial or financial magnates at the time of the American Civil War in the latter 19th century who became wealthy by unethical means, such as questionable operations and exploitation of labor. The general public typically regards these aggressive capitalists with disdain. . 3、Modern-day businesspeople who allegedly engage in unethical business tactics and questionable stock market transactions to build large personal fortunes. Representatives of robber barons Robber Barons Steel Petroleum Railway Finance J. P. Morgan John D. Rockefeller Jay Gould Andrew Carnegie John D. RockefellerPetroleum 1837 born in New York partner in a grain and livestock business 1863 invest in refinery 1870 establish Standard Oil company John D. RockefellerPetroleum John D. Rockefeller used horizontal integration to monopolize the oil industry. Rockefeller controlled 40 oil refineries, accounting for about 90 percent of the nation’s refining capacity. Andrew CarnegieSteel 1835 born in Scotland 1848 move to U.S.A. Worker and telegraph operator 1865 devote to steel industry 1892 establish Carnegie Steel Corporation Andrew CarnegieSteel Andrew Carnegie turned his production plant into a steel empire through a business tactic called vertical integration. One entrepreneur took over and owned the suppliers of their raw materials and the distributors of their finished products. Vertical Integration Impact In robber barons’ hands the renovation of American economic life proceeded relentlessly: 1、large-scale production replaced the scattered, decentralized production; 2、industrial enterprises became more concentrated, where they had been purely in