Avarice In America :: essays research papers

Avarice In America     When the topic of American economics arises, the infamous Robber Barons of the nineteenth Century often springs to mind. They are often glorified as "Captains of sedulousness" for their cash making strategies and ambitious methods. Those who hold this view probably do not know the evils of the laissez-faire(prenominal) capitalism in which the Robber Barons believed and participated. They valued an unrestricted system of economics so that they could amass as lots money as they could to out do each other and check off the power in society. They were not as glorious and generous as some lot make them out to have been.     In laissez-faire capitalism, there are no restrictions on business so the enterprising capitalists were able to obtain monopolies by combining with other companies or but buying them out. By doing this, the owners could raise the price of their goods or services to an unendurable amount so that they could gain heretofore more money. This often gift the common functional people out of a job because the owners could pay off children and poor European and Asian immigrants to do the same menial mill jobs for pennies a day. This angered the Unions of America because their livelihood depended on the American working class. The Unions then persuaded the government to regulate the business giants and control the amount of money the companies could take in by disallowing monopolies and child labor. The "Kings of Capitalism" disregarded the come to their actions had on the lives of the working class men and their families. Many went hungry because of the overleap of jobs available and were forced to go into debt to the companies that was impossible to be repaid. The Robber Barons would do almost anything to gain more money and more power even putting hard working people out of their houses.     It is often verbalize that money is the root of all evil. The Robber Barons of the late 19th century proved this theory without fail. They showed that greed can overtake morals if the conditions are right. It is very evident that the Robber Barons had no qualms about ruining the lives of the people that worked for them and of society in general.