What term describes industrialists who gained huge profits by exploiting workers and driving competitors out of business?

• A. Labor Leaders
• B. Robber Barons
• C. Captains of Industry
• D. Corporate Tycoons

Answer: (B)

The term that describes industrialists who gained huge profits by exploiting workers and driving competitors out of business is "Robber Barons." This label is used to refer to a group of wealthy and powerful 19th-century American business magnates who were perceived to have used unethical practices to amass their fortunes. The actions associated with these individuals often included monopolistic tactics, harsh labor practices, and a lack of concern for the welfare of their workers.

Robber Barons frequently capitalized on the labor of workers who were subjected to poor working conditions, long hours, and low pay. Additionally, they would often employ strategies to eliminate competition, thereby establishing dominance in their respective industries. The economic practices attributed to Robber Barons contributed to significant social and economic disparities during the era, leading to a critique of their influence on American capitalism.

In contrast, the other terms provided might denote different aspects of business or labor. For example, "Labor Leaders" refer to individuals who advocate for workers' rights and benefits, while "Captains of Industry" typically describes business leaders who are seen as contributing positively to society through innovation and philanthropy. "Corporate Tycoons" can refer to powerful business individuals in a more neutral context, without the negative connotation associated