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Fortunes built on dominant positions, even outright monopolies; a society in which 1% of the population held 50% of the ...
Over 100 years ago, the robber barons attempted to become a titled nobility in America. They failed because of the “progressive” regulatory movement.
Trump’s Oval Office makeover and “let them eat cake” mentality are drawing comparisons to the court of Versailles, but art historian Robert Wellington sees a more complicated connection.
The "robber barons" of the mid to late 1800s -- Rockefeller, Carnegie, and others -- were the new aristocracy of their time. In 1890, Congress passed the Sherman Antitrust Act to address this ...