Robber baron is a term first applied by 19th century

muckraker The muckrakers were reform-minded journalists, writers, and photographers in the Progressive Era in the United States (1890s–1920s) who claimed to expose corruption and wrongdoing in established institutions, often through sensationalist publ ...

s and others as

social criticism Social criticism is a form of academic or journalistic criticism focusing on social issues in contemporary society, in respect to perceived injustices and power relations in general. Social criticism of the Enlightenment The origin of modern ...

to certain wealthy, powerful, and unethical 19th-century American businessmen. The term appeared in that use as early as the August 1870 issue of ''

The Atlantic Monthly ''The Atlantic'' is an American magazine and multi-platform publisher based in Washington, D.C. It features articles on politics, foreign affairs, business and the economy, culture and the arts, technology, and science. It was founded in 1857 ...

'' magazine. By the late 19th century, the term was typically applied to businessmen who used exploitative practices to amass their wealth. Those practices included unfettered consumption and destruction of natural resources, influencing high levels of government,

wage slavery Wage slavery is a term used to criticize exploitation of labour by business, by keeping wages low or stagnant in order to maximize profits. The situation of wage slavery can be loosely defined as a person's dependence on wages (or a salary) f ...

, squashing competition by acquiring their competitors, and to create

monopolies A monopoly (from Greek and ) is a market in which one person or company is the only supplier of a particular good or service. A monopoly is characterized by a lack of economic competition to produce a particular thing, a lack of viable sub ...

and/or

trusts A trust is a legal relationship in which the owner of property, or any transferable right, gives it to another to manage and use solely for the benefit of a designated person. In the English common law, the party who entrusts the property is k ...

that control the market. The term combines the sense of criminal ("robber") and illegitimate aristocracy (“baron”) in a republic.Worth Robert Miller, ''Populist cartoons: an illustrated history of the third-party movement in the 1890s '' (2011) p. 13

Usage

The term 'robber baron' derives from the '' Raubritter'' (''robber knights''), the medieval German lords who charged illegal tolls (unauthorized by the

Holy Roman Emperor The Holy Roman Emperor, originally and officially the Emperor of the Romans (disambiguation), Emperor of the Romans (; ) during the Middle Ages, and also known as the Roman-German Emperor since the early modern period (; ), was the ruler and h ...

) on the primitive roads crossing their lands, or charged larger tolls along the

Rhine The Rhine ( ) is one of the List of rivers of Europe, major rivers in Europe. The river begins in the Swiss canton of Graubünden in the southeastern Swiss Alps. It forms part of the Swiss-Liechtenstein border, then part of the Austria–Swit ...

river. The metaphor appeared as early as February 9, 1859, when ''

The New York Times ''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of ...

'' used it to characterize the business practices of

Cornelius Vanderbilt Cornelius Vanderbilt (May 27, 1794 – January 4, 1877), nicknamed "the Commodore", was an American business magnate who built his wealth in railroads and shipping. After working with his father's business, Vanderbilt worked his way into lead ...

. Historian T. J. Stiles says the metaphor "conjures up visions of titanic monopolists who crushed competitors, rigged markets, and corrupted government. In their greed and power, legend has it, they held sway over a helpless democracy." Hostile cartoonists might dress the offenders in royal garb to underscore the offense against democracy. The first such usage was against Vanderbilt, for taking money from high-priced, government-subsidized shippers, in order to not compete on their routes. Political cronies had been granted special shipping routes by the state, but told legislators their costs were so high that they needed to charge high prices ''and'' still receive extra money from the taxpayers as funding. Vanderbilt's private shipping company began running the same routes, charging a fraction of the price, making a large profit without taxpayer subsidy. The state-funded shippers then began paying Vanderbilt money to not ship on their route. A critic of this tactic drew a political comic depicting Vanderbilt as a feudal robber baron extracting a toll. In his 1934 book ''The Robber Barons: The Great American Capitalists 1861-1901'', Matthew Josephson argued that the industrialists who were called robber barons have a complicated legacy in the history of American economic and social life. In the book's original foreword, he claims the robber barons:

"more or less knowingly played the leading roles in an age of industrial revolution. Even their quarrels, intrigues and misadventures (too often treated as merely diverting or picturesque) are part of the mechanism of our history. Under their hands the renovation of our economic life proceeded relentlessly: large-scale production replaced the scattered, decentralized mode of production; industrial enterprises became more concentrated, more “efficient” technically, and essentially “coöperative,” where they had been purely individualistic and lamentably wasteful. But all this revolutionizing effort is branded with the motive of private gain on the part of the new captains of industry. To organize and exploit the resources of a nation upon a gigantic scale, to regiment its farmers and workers into harmonious corps of producers, and to do this only in the name of an uncontrolled appetite for private profit—here surely is the great inherent contradiction whence so much disaster, outrage and misery has flowed.Matthew Josephson, ''The Robber Barons: The Great American Capitalists, 1861–1901'', New York: Harcourt, Brace and Company, 1934.

Charles R. Geisst says, "in a Darwinist age, Vanderbilt developed a reputation as a plunderer who took no prisoners." Hal Bridges said that the term represented the idea that "business leaders in the United States from about 1865 to 1900 were, on the whole, a set of avaricious rascals who habitually cheated and robbed investors and consumers, corrupted government, fought ruthlessly among themselves, and in general carried on predatory activities comparable to those of the robber barons of medieval Europe."

Critique

Historian Richard White argues that the builders of the

transcontinental railroad A transcontinental railroad or transcontinental railway is contiguous rail transport, railroad trackage that crosses a continent, continental land mass and has terminals at different oceans or continental borders. Such networks may be via the Ra ...

s have attracted a great deal of attention but the interpretations are contradictory: at first very hostile and then very favorable. White writes that they were depicted as:

1860s–1920s

Historian John Tipple examined the writings of the 50 most influential analysts who used the robber baron model in the 1865–1914 period. He argued:

The originators of the Robber Baron concept were not the injured, the poor, the faddists, the jealous, or a dispossessed elite, but rather a frustrated group of observers led at last by protracted years of harsh depression to believe that the American dream of abundant prosperity for all was a hopeless myth. ... Thus the creation of the Robber Baron stereotype seems to have been the product of an impulsive popular attempt to explain the shift in the structure of American society in terms of the obvious. Rather than make the effort to understand the intricate processes of change, most critics appeared to slip into the easy vulgarizations of the "devil-view" of history which ingenuously assumes that all human misfortunes can be traced to the machinations of an easily located set of villains—in this case, the big businessmen of America. This assumption was clearly implicit in almost all of the criticism of the period.

1930s–1970s

American historian Matthew Josephson further popularized the term during the Great Depression in his book, published in 1934. Josephson's view was that, like the medieval German princes, American big businessmen had amassed huge fortunes immorally, unethically, and unjustly. This theme was popular during the

Great Depression The Great Depression was a severe global economic downturn from 1929 to 1939. The period was characterized by high rates of unemployment and poverty, drastic reductions in industrial production and international trade, and widespread bank and ...

of the 1930s, when the public often expressed scorn for

big business Big business involves large-scale corporate-controlled financial or business activities. As a term, it describes activities that run from "huge transactions" to the more general "doing big things". In corporate jargon, the concept is commonly ...

. Historian Steve Fraser notes that the mood was sharply hostile toward big business:

Biographies of Mellon, Carnegie and Rockefeller were often laced with moral censure, warning that "tories of industry" were a threat to democracy and that parasitism, aristocratic pretension and tyranny are an inevitable consequence of concentrated wealth, whether accumulated dynastically or more impersonally by faceless corporations. This scholarship, and the cultural persuasion of which it was an expression, drew on a deeply rooted feeling that was partly religious and partly egalitarian and democratic, a sensibility stretching back to William Jennings Bryan, Andrew Jackson, and Tom Paine.

However, contrary opinions by academic historians began to appear as the Depression ended. Business historian Allan Nevins advanced the "Industrial Statesman" thesis in his ''John D. Rockefeller: The Heroic Age of American Enterprise'' (2 vols., 1940), arguing that while Rockefeller engaged in unethical and illegal business practices, he also helped to bring order to the industrial chaos of the day. According to Nevins, it was

Gilded Age In History of the United States, United States history, the Gilded Age is the period from about the late 1870s to the late 1890s, which occurred between the Reconstruction era and the Progressive Era. It was named by 1920s historians after Mar ...

capitalists who, by imposing order and stability on competitive business, made the United States the foremost economy by the 20th century. In 1958 Bridges reported that, "The most vehement and persistent controversy in business history has been that waged by the critics and defenders of the "robber baron" concept of the American businessman."

Contemporary use

In the popular culture the metaphor continues. In 1975 the student body of

Stanford University Leland Stanford Junior University, commonly referred to as Stanford University, is a Private university, private research university in Stanford, California, United States. It was founded in 1885 by railroad magnate Leland Stanford (the eighth ...

voted to use "Robber Barons" as the nickname for their sports teams. However, school administrators disallowed it, saying it was disrespectful to the school's founder,

Leland Stanford Amasa Leland Stanford (March 9, 1824June 21, 1893) was an American attorney, industrialist, philanthropist, and Republican Party (United States), Republican Party politician from Watervliet, New York. He served as the eighth governor of Calif ...

. In academia, the education division of the

National Endowment for the Humanities The National Endowment for the Humanities (NEH) is an independent federal agency of the U.S. government, established by thNational Foundation on the Arts and the Humanities Act of 1965(), dedicated to supporting research, education, preserv ...

has prepared a lesson plan for schools asking whether "robber baron" or "

captain of industry In the 19th century, a captain of industry was a business leader whose means of amassing a personal fortune contributed positively to the country in some way. This may have been through increased productivity, expansion of markets, providing more ...

" is the better term. They state:

In this lesson, you and your students will attempt to establish a distinction between robber barons and captains of industry. Students will uncover some of the less honorable deeds as well as the shrewd business moves and highly charitable acts of the great industrialists and financiers. It has been argued that only because such people were able to amass great amounts of capital could our country become the world's greatest industrial power. Some of the actions of these men, which could only happen in a period of economic laissez faire, resulted in poor conditions for workers, but in the end, may also have enabled our present day standard of living.

This debate about the morality of certain business practices has continued in the popular culture, as in the performances in Europe in 2012 by

Bruce Springsteen Bruce Frederick Joseph Springsteen (born September 23, 1949) is an American Rock music, rock singer, songwriter, and guitarist. Nicknamed "the Boss", Springsteen has released 21 studio albums spanning six decades; most of his albums feature th ...

, who sang about bankers as "greedy thieves" and "robber barons". During the

Occupy Wall Street Occupy Wall Street (OWS) was a left-wing populist movement against economic inequality, capitalism, corporate greed, big finance, and the influence of money in politics that began in Zuccotti Park, located in New York City's Financial ...

protests of 2011, the term was used by Vermont Senator

Bernie Sanders Bernard Sanders (born September8, 1941) is an American politician and activist who is the Seniority in the United States Senate, senior United States Senate, United States senator from the state of Vermont. He is the longest-serving independ ...

in his attacks on Wall Street. The metaphor has also been used to characterize Russian oligarchs allied to

Vladimir Putin Vladimir Vladimirovich Putin (born 7 October 1952) is a Russian politician and former intelligence officer who has served as President of Russia since 2012, having previously served from 2000 to 2008. Putin also served as Prime Minister of Ru ...

. The leaders of

Big Tech Big Tech, also referred to as the Tech Giants or Tech Titans, is a collective term for the largest and most influential technology companies in the world. The label draws a parallel to similar classifications in other industries, such as "Big Oi ...

companies have all been described as being modern-day robber barons, particularly

Jeff Bezos Jeffrey Preston Bezos ( ;; and Robinson (2010), p. 7. ; born January 12, 1964) is an American businessman best known as the founder, executive chairman, and former president and CEO of Amazon, the world's largest e-commerce and clou ...

because of his influence on his newspaper, ''

The Washington Post ''The Washington Post'', locally known as ''The'' ''Post'' and, informally, ''WaPo'' or ''WP'', is an American daily newspaper published in Washington, D.C., the national capital. It is the most widely circulated newspaper in the Washington m ...

''.Dana Milbank
"How did tech CEOs do on Capitol Hill? Google 'robber barons.'" ''The Washington Post'' Jul. 29, 2020
/ref> Their rising wealth and power stands in contrast with the shrinking middle class.

Elon Musk Elon Reeve Musk ( ; born June 28, 1971) is a businessman. He is known for his leadership of Tesla, SpaceX, X (formerly Twitter), and the Department of Government Efficiency (DOGE). Musk has been considered the wealthiest person in th ...

has also been accused of being a modern-day robber baron. In contrast, conservative American historian Burton W. Folsom Jr. argues that the robber barons were either political entrepreneurs (who lobby government for subsidies and monopoly rights), or market entrepreneurs (who innovate and reduce costs to provide the best good or service at the lowest price). In his presidential farewell address, U.S. President Joe Biden invoked the term "robber baron" to caution against the growing influence of concentrated wealth and power in American society. He warned that these developments could signal a shift toward oligarchy, drawing parallels to the economic and social inequalities of the

List of businessmen labelled as robber barons

Individuals identified in Josephson's ''Robber Barons'' (1934): *

John Jacob Astor John Jacob Astor (born Johann Jakob Astor; July 17, 1763 – March 29, 1848) was a German-born American businessman, merchant, real estate mogul, and investor. Astor made his fortune mainly in a fur trade monopoly, by exporting History of opiu ...

(real estate, fur) – New York *

Andrew Carnegie Andrew Carnegie ( , ; November 25, 1835August 11, 1919) was a Scottish-American industrialist and philanthropist. Carnegie led the expansion of the History of the iron and steel industry in the United States, American steel industry in the late ...

(steel) – Pittsburgh and New York *

Jay Cooke Jay Cooke (August 10, 1821 – February 16, 1905) was an American financier who helped finance the Union war effort during the American Civil War and the postwar development of railroads in the northwestern United States. He is generally acknowle ...

(finance) – Philadelphia *

Charles Crocker Charles Crocker (September 16, 1822 – August 14, 1888) was an American railroad executive who was one of the founders of the Central Pacific Railroad, which constructed the westernmost portion of the first transcontinental railroad, and took ...

(railroads) – California * Edward L. Doheny (oil) – California *

Daniel Drew Daniel Drew (July 29, 1797 – September 18, 1879) was an American businessman, steamship and railroad developer, and financier, one of the " robber barons" of the Gilded Age. Summarizing his life, Henry Clews wrote: "Of all the great oper ...

(finance) – New York *

James Buchanan Duke James Buchanan Duke (December 23, 1856 – October 10, 1925) was an American tobacco and electric power industrialist best known for the invention of modern cigarette manufacture and marketing techniques, and his involvement with Duke Unive ...

(tobacco, electric power) – Durham, North Carolina * James Fisk (finance) – New York *

Henry Morrison Flagler Henry Morrison Flagler (January 2, 1830 – May 20, 1913) was an American industrialist and a founder of Standard Oil, which was first based in Ohio. He was also a key figure in the development of the Atlantic coast of Florida and founder ...

(Standard Oil, railroads) – New York and Florida *

Henry Clay Frick Henry Clay Frick (December 19, 1849 – December 2, 1919) was an American industrialist, financier, and art patron. He founded the H. C. Frick & Company coke manufacturing company, was chairman of the Carnegie Steel Company and played a major ...

(steel) – Pittsburgh and New York * John Warne Gates (barbed wire, oil) – Texas *

Jay Gould Jason Gould (; May 27, 1836 – December 2, 1892) was an American railroad magnate and financial speculator who founded the Gould family, Gould business dynasty. He is generally identified as one of the Robber baron (industrialist), robber bar ...

(railroads) – New York * E. H. Harriman (railroads) – New York * James J. Hill (fuel, coal, steamboats, railroads) – St Paul, Minnesota *

Collis Potter Huntington Collis Potter Huntington (October 22, 1821 – August 13, 1900) was an American industrialist and railway magnate. He was one of the Big Four of western railroading (along with Leland Stanford, Mark Hopkins, and Charles Crocker) who invested ...

(railroads) – California, Virginia, West Virginia *

Andrew Mellon Andrew William Mellon (; March 24, 1855 – August 26, 1937), known also as A. W. Mellon, was an American banker, businessman, industrialist, philanthropist, art collector, and politician. The son of Mellon family patriarch Thomas Mellon ...

(finance, oil) – Pittsburgh *

J. P. Morgan John Pierpont Morgan Sr. (April 17, 1837 – March 31, 1913) was an American financier and investment banker who dominated corporate finance on Wall Street throughout the Gilded Age and Progressive Era. As the head of the banking firm that ...

(finance, industrial consolidation) – New York *

John D. Rockefeller John Davison Rockefeller Sr. (July 8, 1839 – May 23, 1937) was an American businessman and philanthropist. He was one of the List of richest Americans in history, wealthiest Americans of all time and one of the richest people in modern hist ...

(Standard Oil) – Cleveland, Ohio *

Henry Huttleston Rogers Henry Huttleston Rogers (January 29, 1840 – May 19, 1909) was an American industrialist and financier. He made his fortune in the oil refining business, becoming a leader at Standard Oil. He also played a major role in numerous corporations a ...

(Standard Oil, copper), New York * Thomas Fortune Ryan (public transit, tobacco) – New York *

Russell Sage Russell Risley Sage (August 4, 1816 – July 22, 1906) was an American financier, railroad executive and Whig Party (United States), Whig politician from New York (state), New York, who became one of the List of richest Americans in history, rich ...

(finance, railroads) – New York * Charles M. Schwab (steel) – Pittsburgh and New York *

(railroads) – California *

(water transport, railroads) – New York * Peter Arrell Browne Widener (public transportation) – Philadelphia, Pennsylvania *

Charles Yerkes Charles Tyson Yerkes Jr. ( ; June 25, 1837 – December 29, 1905) was an American financier. He played a part in developing mass-transit systems in Chicago and London. Philadelphia Yerkes was born into a Quaker family in the Northern Libertie ...

(street railroads) – Chicago Identified as "robber barons" by other sources: * William A. Clark (copper) – Butte, Montana * James Dunsmuir (coal, lumber) – Victoria, BC Canada *

Marshall Field Marshall Field (August 18, 1834January 16, 1906) was an American entrepreneur and the founder of Marshall Field's, Marshall Field and Company, the Chicago-based department stores. His business was renowned for its then-exceptional level of qua ...

(retail) – Chicago *

William Randolph Hearst William Randolph Hearst (; April 29, 1863 – August 14, 1951) was an American newspaper publisher and politician who developed the nation's largest newspaper chain and media company, Hearst Communications. His extravagant methods of yellow jou ...

(media mogul) – California * Charles T. Hinde (railroads, water transport, shipping, hotels) – Illinois, Missouri, Kentucky, California * Mark Hopkins Jr. (railroads) – California * John C. Osgood (coal mining, iron) – Colorado * Henry B. Plant (railroads) – Florida * A. S. W. Rosenbach (antique bookdealer) – Philadelphia * Joseph Seligman (banking) – New York * John D. Spreckels (water transport, railroads, sugar) – California Contemporary: *

(

Amazon Amazon most often refers to: * Amazon River, in South America * Amazon rainforest, a rainforest covering most of the Amazon basin * Amazon (company), an American multinational technology company * Amazons, a tribe of female warriors in Greek myth ...

Blue Origin Blue Origin Enterprises, L.P. is an American space technology company headquartered in Kent, Washington. The company operates the suborbital New Shepard rocket and the heavy-lift New Glenn rocket. In addition to producing engines for its own ...

, purchasing ''

'') *

Bill Gates William Henry Gates III (born October 28, 1955) is an American businessman and philanthropist. A pioneer of the microcomputer revolution of the 1970s and 1980s, he co-founded the software company Microsoft in 1975 with his childhood friend ...

(

Microsoft Microsoft Corporation is an American multinational corporation and technology company, technology conglomerate headquartered in Redmond, Washington. Founded in 1975, the company became influential in the History of personal computers#The ear ...

) *

(

SpaceX Space Exploration Technologies Corp., commonly referred to as SpaceX, is an America, American space technology company headquartered at the SpaceX Starbase, Starbase development site in Starbase, Texas. Since its founding in 2002, the compa ...

, Tesla, X, The Boring Company) *

Mark Zuckerberg Mark Elliot Zuckerberg (; born May 14, 1984) is an American businessman who co-founded the social media service Facebook and its parent company Meta Platforms, of which he is the chairman, chief executive officer, and controlling sharehold ...

(

Facebook Facebook is a social media and social networking service owned by the American technology conglomerate Meta Platforms, Meta. Created in 2004 by Mark Zuckerberg with four other Harvard College students and roommates, Eduardo Saverin, Andre ...

, and its acquisitions of Oculus,

WhatsApp WhatsApp (officially WhatsApp Messenger) is an American social media, instant messaging (IM), and voice-over-IP (VoIP) service owned by technology conglomerate Meta. It allows users to send text, voice messages and video messages, make vo ...

Instagram Instagram is an American photo sharing, photo and Short-form content, short-form video sharing social networking service owned by Meta Platforms. It allows users to upload media that can be edited with Social media camera filter, filters, be ...

, and

Mapillary Mapillary is a service for open-source sharing of crowdsourced geotagged photos, developed by remote company Mapillary AB, based in Malmö, Sweden. Mapillary was launched in 2013 and acquired by Meta Platforms, Inc. in 2020. It offers street lev ...

) *

Donald Trump Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who is the 47th president of the United States. A member of the Republican Party (United States), Republican Party, he served as the 45 ...

(

The Trump Organization The Trump Organization, Inc. is an American Conglomerate (company), conglomerate. Privately owned by Donald Trump, it serves as the holding company for most of Business career of Donald Trump, Trump's business ventures and investments, with ar ...

)"Donald Trump Is Building A Bridge To 1896"
/ref>

References

External links

Full Show: The New Robber Barons
''

Moyers & Company ''Moyers & Company'' was a commentary and interview television show hosted by Bill Moyers, and broadcast via syndication on public television stations in the United States. The weekly show covered current affairs affecting everyday Americans, a ...

.'' December 19, 2014. Interview with historian Steve Fraser
Industrial Age in America: Robber Barons or Captains of Industry
EDSITEment lesson from

*
Robber Barons, Oil, and Power from 1860
- Daniel Sheehan, University of California Santa Cruz, "The Trajectory of Justice in America 2019, Class #5"''
college-level lectures on Robber Barons
{{DEFAULTSORT:Robber Baron (Industrialist) 1870s neologisms Business terms * 19th century in the United States Industrial history of the United States Social class in the United States Class-related slurs