Impact of Robber Barons

Paper Summary:

In this article, the writer looks at the effects made by the Robber Barons of the late nineteenth-century in the United States. The writer discusses this issue for the main part as it relates to economic and political power. The writer maintains that just as Robber Barons dominated American politics and economics in the late nineteenth and early twentieth centuries, modern robber barons have been dominating American politics and economics for the past twenty years.

From the Paper:

"The short and long term impact of the Robber Barons on the Western economy of the late nineteenth-century has been manifested in a number of ways, but particularly in terms of the pervasive economic and political power of Eastern big business and finance. Except for a brief period of progressivism in the early twentieth century and during the New Deal in the nineteen-thirties, powerful businessmen have exerted significant control over America's economic infrastructure, industry, and political establishment. "

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