Who Were the Robber Barons?

Brain Blaze
29 Oct 201915:28

Summary

TLDRIn this episode of Business Blaze, Simon Iron explores the era of 'Robber Barons,' wealthy industrialists in late 1800s America who amassed fortunes through ruthless business tactics. Cornelius Vanderbilt and John D. Rockefeller are highlighted for their dominance in railroads and oil, respectively. The video delves into their exploitative practices, the government's complicity, and the labor struggles that led to unionization. It also acknowledges their philanthropy, which shaped modern charitable giving and education, leaving a complex legacy.

Takeaways

  • 😀 The term 'robber barons' originated from an old German term 'Raubritter', which means knight or Baron, and was used to describe nobles in the Holy Roman Empire.
  • 🏭 Post-American Civil War, the United States saw the rise of wealthy industrialists known as 'robber barons', who amassed fortunes in industries like railroads, coal, steel, and oil.
  • 🚂 Cornelius Vanderbilt, one of the first robber barons, made his fortune in railroads and shipping, using aggressive tactics and bribes to eliminate competition.
  • 💰 John D. Rockefeller's Standard Oil Company became the largest corporation in existence by using tactics like undercutting prices and forming cartels to dominate the oil industry.
  • đŸ€ The US government post-Civil War was corrupt, with officials often colluding with robber barons, allowing their exploitative practices to go unchecked.
  • đŸ›ïž The Vanderbilt family, descendants of robber baron Cornelius Vanderbilt, maintained their wealth and influence, with properties like the Biltmore Estate.
  • 📚 Despite their exploitative practices, many robber barons were also significant philanthropists, contributing to the establishment of universities and public libraries.
  • 🔹 Labor conditions during the time of robber barons were often dangerous and unhealthy, leading to the rise of labor unions and worker strikes.
  • 📚 Works like 'The Jungle' and 'The History of the Standard Oil Company' exposed the abuses of the time, leading to public outcry and eventual legal reforms.
  • đŸ›Łïž The expansion of railroads was a significant factor in the post-Civil War economic boom, with the northern railroads playing a crucial role in the Union's victory.

Q & A

  • What is the origin of the term 'robber barons'?

    -The term 'robber barons' originates from an old German term 'Raubritter,' which means 'rob knight' or 'rob baron.' It was used to describe nobles in the many German states that made up the Holy Roman Empire.

  • How did the American robber barons amass their wealth?

    -American robber barons amassed their wealth primarily through industries that powered the American industrial revolution, such as railroads, coal, steel, and oil. They often used aggressive expansion and unscrupulous business tactics to monopolize markets and accumulate vast fortunes.

  • Who was Cornelius Vanderbilt and how did he become a robber baron?

    -Cornelius Vanderbilt was an American business magnate who became one of the wealthiest Americans in history by building a fortune in railroads and shipping. He used tactics such as bribes, payoffs, and aggressive competition to eliminate rivals and consolidate his control over the railroad industry.

  • What role did railroads play in the expansion of the United States after the Civil War?

    -Railroads played a crucial role in the expansion of the United States after the Civil War by connecting the northern and southern parts of the country and enabling the movement of goods, people, and military supplies. They were instrumental in the westward expansion and the development of the American economy.

  • How did John D. Rockefeller's business tactics contribute to the growth of Standard Oil?

    -John D. Rockefeller's business tactics, such as aggressive expansion, undercutting competitors' prices, and forming cartels, allowed Standard Oil to become the largest corporation at the time. He often drove competitors out of business or bought them out at low prices, consolidating control over the oil industry.

  • What was the impact of the robber barons on labor conditions during the industrial revolution?

    -The robber barons often had a negative impact on labor conditions, with workers facing dangerous and unhealthy environments, short life expectancies, and low wages. Resistance from workers, such as strikes and the formation of labor unions, was often met with violence and repression.

  • How did the government's attitude and actions contribute to the rise of the robber barons?

    -The post-Civil War American government was often corrupt and complicit in the rise of the robber barons. Many officials accepted bribes and looked the other way as business practices that would be considered illegal today were carried out, allowing the robber barons to operate with impunity.

  • What philanthropic efforts are associated with the robber barons?

    -Despite their exploitative business practices, many robber barons were also significant philanthropists. For example, Andrew Carnegie founded the modern public library system, and the Rockefeller Foundation has donated billions to various charitable causes.

  • How did public opinion and legal changes affect the business practices of the robber barons?

    -Public opinion, fueled by exposés like 'The Jungle' and 'The History of the Standard Oil Company,' along with the rise of labor unions and progressive politicians like Theodore Roosevelt, led to legal changes that curbed some of the worst abuses of the robber barons and improved conditions for workers.

  • What legacy do the robber barons have on modern American society?

    -The robber barons have a complex legacy, with their wealth and influence shaping the development of American industry and the economy, but also contributing to the establishment of labor rights, philanthropy, and the modern regulatory environment that governs business practices.

Outlines

00:00

đŸ’Œ Introduction to Robber Barons

The video begins with the host, Simon, introducing the topic of 'robber barons,' a term unfamiliar to him initially. Matthew provides extensive research on the subject, leading to a discussion about the rise of wealthy industrialists in the United States during the late 1800s. These individuals, known as robber barons, amassed fortunes and power similar to European nobility. The term 'robber baron' is explained to have originated from the German term 'Raubritter,' meaning knight or baron, and was used to describe nobles in the Holy Roman Empire. The conversation shifts to the American context, highlighting the lack of formal titles and the rise of these figures through industries like railroads, coal, steel, and oil.

05:00

🚂 The Impact of Railroads and Cornelius Vanderbilt

The video delves into the significance of railroads in the United States post-Civil War, highlighting how they facilitated industrial expansion and connected the nation. Cornelius Vanderbilt is introduced as a prime example of a robber baron who capitalized on the railroad industry. His business tactics included accepting bribes to not compete with local companies, forcing competitors out of business, or buying them out at low prices. The video discusses the unregulated nature of the industry and the government's complicity in the corrupt practices of the time, which allowed Vanderbilt and others to amass wealth and influence.

10:01

🏭 John D. Rockefeller and the Oil Industry

This section focuses on John D. Rockefeller, another notorious robber baron, who made his fortune in the oil industry. Rockefeller's Standard Oil Company became the largest corporation of its time through aggressive expansion and ruthless business tactics. The video describes how Rockefeller would undercut local oil prices to drive competitors out of business or force them to sell at a loss. His wealth and influence were so vast that he could dictate terms to smaller businesses. The discussion also touches on the illegality of such practices today and the historical context that allowed these business practices to thrive.

15:03

đŸ—ïž Philanthropy and Labor Conditions

The final paragraph discusses the dual nature of the robber barons, highlighting their negative impact on labor conditions and their contributions to society through philanthropy. It mentions the harsh working conditions in industries dominated by robber barons and the rise of labor unions as a response. The video also acknowledges the positive legacy of these figures, such as the establishment of universities and public libraries, funded by their wealth. The host invites viewers to consider the complex legacy of the robber barons and encourages feedback for future video topics.

Mindmap

Keywords

💡Robber Barons

Robber Barons refers to a term used to describe wealthy American businessmen during the late 1800s and early 1900s who accumulated their fortunes through often ruthless and exploitative business practices. In the video, Simon and Matthew discuss how these individuals, such as Cornelius Vanderbilt and John D. Rockefeller, gained their wealth and influence during the industrial expansion of the United States, often at the expense of workers and through monopolistic practices.

💡Industrial Revolution

The Industrial Revolution was a period of significant industrialization and economic expansion that began in Britain in the late 18th century and spread to other parts of the world, including the United States. In the video, the hosts mention how the American Industrial Revolution was driven by industries like railroads, coal, steel, and oil, which allowed figures like the Robber Barons to amass great wealth and power.

💡Cornelius Vanderbilt

Cornelius Vanderbilt was an American business magnate who built his wealth through railroads and shipping. He is mentioned in the video as an example of a Robber Baron who used aggressive tactics to eliminate competition and expand his empire. Vanderbilt's name is used to illustrate the extreme wealth accumulation and the anti-competitive practices of the era.

💡Standard Oil

Standard Oil was an American oil producing, transporting, refining, and marketing company founded by John D. Rockefeller. In the video, it is discussed how Rockefeller used Standard Oil to monopolize the oil industry through aggressive business tactics, such as undercutting competitors' prices and forming cartels, which led to the company becoming the largest corporation of its time.

💡Cartels

A cartel is an association of manufacturers or suppliers with the purpose of maintaining prices at a high level and restricting competition. In the video, Simon and Matthew discuss how Robber Barons, like Rockefeller, would form cartels to fix prices and eliminate competition, which would be illegal under modern antitrust laws.

💡Labor Unions

Labor Unions are organizations that represent the collective interests of workers and negotiate employment contracts with employers. The video mentions the rise of labor unions as a response to the poor working conditions and exploitation by Robber Barons. Unions played a significant role in improving labor conditions and wages, which was a direct reaction to the abuses of power by the wealthy industrialists.

💡Philanthropy

Philanthropy is the act of donating money or resources to support causes, organizations, or communities. The video highlights how many Robber Barons, despite their exploitative business practices, also became significant philanthropists, donating large sums of money to establish universities, libraries, and foundations that continue to contribute positively to society.

💡Regulation

Regulation refers to the rules and oversight provided by a governing body to control an industry or activity. In the video, it is noted that the era of the Robber Barons was characterized by a lack of regulation, which allowed these businessmen to engage in monopolistic practices and exploit workers without legal repercussions.

💡Anti-competitive

Anti-competitive practices are actions taken by a company or individual to eliminate or reduce competition in a market. The video discusses how Robber Barons like Rockefeller would engage in anti-competitive practices, such as predatory pricing and forming cartels, to dominate their respective industries and accumulate wealth.

💡Generational Wealth

Generational wealth refers to the accumulation of wealth that is passed down through generations within a family. The video mentions Gloria Vanderbilt and her son Anderson Cooper as examples of individuals who continue to benefit from the wealth accumulated by their ancestors, in this case, the Vanderbilt family, highlighting how the economic impact of the Robber Barons extends beyond their lifetimes.

Highlights

Introduction to the concept of 'robber barons' and their historical context in the late 1800s United States.

Explanation of the term 'robber baron', its origin from the Holy Roman Empire, and its association with toll collection.

The rise of American robber barons following the Civil War and their comparison to European nobility.

The industries that produced the most significant robber barons, particularly railroads, coal, steel, and oil.

The role of Cornelius Vanderbilt as an early robber baron, his wealth accumulation, and business tactics.

The impact of the Civil War on the expansion of railroads and the subsequent wealth of robber barons.

The government's complicity in the rise of robber barons due to corruption and lack of regulation.

The wealth and influence of the Vanderbilt family, including their palatial homes and modern-day descendants.

John D. Rockefeller's rise to wealth through the oil industry and the tactics he used to dominate the market.

The concept of cartels and their role in allowing robber barons to fix prices and eliminate competition.

The poor working conditions and treatment of laborers during the era of robber barons.

The rise of labor unions and public outcry against the abuses of robber barons.

The philanthropic efforts of robber barons, such as the Rockefeller Foundation and Andrew Carnegie's libraries.

The legacy of robber barons in modern society, including their contributions to education and public welfare.

The debate over whether robber barons were innovative business leaders or exploitative figures.

Conclusion and call to action for viewers to share their thoughts on robber barons and suggest topics for future videos.

Transcripts

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I feel like there's no poor people

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called Cornelius welcome to a brand new

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episode of business blaze my name is

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Simon iron your host as always in this

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one we are looking at robber barons I

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didn't really know what the robber

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barons were I thought it could be

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interesting

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apparently it is because Matthew put

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together two and a half pages with small

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type I should have blown this up so it'd

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be easier to read but we're gonna learn

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something together like we always do

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it's about the robber barons Thank You

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Matthew for putting this together and

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before we just jump into it if you've

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got suggestions for a future business

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blaze video you know what to do leave it

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in the comments below we can get

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something made up and we'll talk about

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it it'll be fun and also while you're

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down there smash that like button let's

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get into it in the middle of the late

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1800s rich industrialists in the United

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States developed a reputation of agreed

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so extreme that these dudes got the

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nickname robber barons basically these

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men they were all men this is the 1800s

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after all very true amassed such amazing

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wealth that they were basically a bought

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into aristocratic class in the United

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States they were in many ways similar to

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the nobility of Europe and not just in

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being rich but they also behaved much

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like the feudal lords of the continent

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as well so before we get into it what

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about the term itself

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tell me Matthew roll baron comes from an

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old German term ah my German

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pronunciation and always Germans you are

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particularly harsh about me knowing that

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I should know how to pronounce your

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language I don't really feel any

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obligations have to learn how to

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pronounce your language but I'm just

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gonna go for Rob Ritter now what it

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means is Rob mint Rob and Ritter meant

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knight or Baron so there you go it was

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used to describe nobles in the many

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German states that made up the Holy

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Roman Empire but it's not just the name

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stay tuned

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well I'm not going anywhere right so

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many of these robber barons and they

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were not literally barons by the way

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they had all sorts of different titles

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this is the dudes in Germany not in the

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US you don't have titles

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do you have titles in the US and I think

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so right it's all just like earned

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titles like doctor or professor or

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Reverend

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so in defiance of formal informal or

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understood rules of and laws they

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decided whoever whatever moves through

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my land is going to

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give me some of their money sounds

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pretty smart though the name came from

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what is now Germany the world robber

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barons everywhere I mean it's a pretty

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good way to make money indeed I think

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about toll bridges there's this one in

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the UK speed art furred cross and I hate

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that piece of every time I would come

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from an airport to visit my parents I'd

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have to drive over this bridge and they

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charge you two pounds fifty and the

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has been there forever and I'm

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sure they've paid it off and I think

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that was the original agreement and now

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they don't even have tolls so afterwards

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you have to go and register your rental

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car online and we're like hey I want to

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pay my toll and if you don't the they'll

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they'll find the renter company and then

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the renter company has an extra fine

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which they tack onto you greed knows no

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boundaries though not even the Atlantic

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all the Dartford Crossing peoples after

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the American Civil War hundreds of local

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and national robber barons appeared in

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the giant industrial expansion that took

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place in the United States after the

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conflict was over though robber barons

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appears in all sorts of industries from

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shipping to building to agriculture it

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was in the industries that powered the

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American industrial revolution that the

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biggest most influential and most

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egregious robber barons appeared these

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were the railroads coal steel and oil

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yeah like if I think of industries where

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people got super-rich like rich like was

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rockefeller a robber baron I imagine

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he's gonna be mentioned for sure if he

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is a robber baron but he seems like one

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of these dudes they was he rail I don't

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know something like this however runs

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bidding virtually all of the trade going

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on within the nation at the time where

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the railroad so we're gonna be talking

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some railroads America is really big it

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is indeed and things at the go places

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before the Civil War many of the

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railroads in the US were not connected

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in most instances rail would go through

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a local area and stop great for locals

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not so great if you wanted to go

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somewhere far away also most of these

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were near the coast allowing farmers to

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get their goods to ship a bit faster

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than they could on horseback it's super

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interesting like back in the day how

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long and complicated it was to ship

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anything anywhere now I got a FedEx

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package and it was like it was in from

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he was from Chicago I lived in Prague in

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the Czech Republic and he was

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overnighted from Chicago absolutely

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insane like from door to door

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overnight a halfway around the world

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incredible now to make sense of the

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expansion of the railroads we need to

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understand how this

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happened during the war during the war

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railroad especially in the heavily

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industrialized and industrializing north

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expanded exponentially but many factors

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led to the defeat of the Confederacy

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that's the south I appreciate Matti

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putting that in there because I'm not

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American I'm sure for Americans like yes

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I won obviously I appreciate it one of

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them surely was the expansion of the

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northern railroads which allowed men and

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materiel to be transported from the

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factory recruiting grounds and farms the

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front lines within the war trains

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allowed rapid movements of masses of

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troops in the south could simply not

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keep up Deering during the conflict the

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men and the companies of the northern

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rails expanded greatly and connected

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virtually all of the rails in the

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northern part of the country as the war

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moved deeper and deeper into the south

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the railways followed after the war

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southern expansion continued and

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expansion into the West which was

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somewhat stalled during the conflicts

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and it began again so this is

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interesting I was watching a video the

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other day about why railways suck in the

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u.s. it seems like you guys are really

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good or railways at the beginning what

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happens alright so now let's get back to

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how this relates the a we did okay how

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how does this relate to robber barons I

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was gonna be to do the railways so as

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you can really guess someone had to

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build those railroads and get paid for

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it yes indeed and they got mega paid and

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they got mega rich a great example of

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this is a dude called Cornelius

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Vanderbilt and I do feel like Cornelius

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Vanderbilt is the most role of irony of

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robber baron names I feel like there's

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no poor people called Cornelius now

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Vanderbilt was already a baller even

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before the war started from both

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railroads and shipping but the war made

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him even richer he was indeed the first

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robber baron in the u.s. in many cases

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Vanderbilt received huge bribes and

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payoffs not to compete with local

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companies at times he would comply and

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others he wouldn't at his own choosing

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sometimes it paid more to invade other

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company's territory and then accept

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bribes kickbacks or payoffs he would

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force his competition competitors out of

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business or if they were smart he'd buy

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them out usually at pennies on the

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dollar it does seem pretty smart I

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imagine the industry was pretty

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unregulated it was like yeah I could

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compete against you or you could bribe

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me and then you'd just be like

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opportunity costs like the brow is

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pretty good but it's not as much money

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as if I pushed you out all the bribes

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pretty good I just can't be bothered

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either way you win pretty amazing but

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also super anti-competitive and I'm not

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so I imagine this is entirely illegal

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today yeah bribery would be Simon

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okay so while it's a bit different to

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the German version of the tolls which we

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saw earlier it's similar to a sort of

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unfair competition and tariffs or at

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least that's the way people saw it okay

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so people did see it as unfair back then

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there just didn't seem to be any laws

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against it which I guess is why they

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were like called robber barons because

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they were robbing people all right so

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now you might be thinking how did he get

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away with this it sounds pretty much

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like he could do whatever he wanted

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where was the you know the government to

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stop all this nonsense that is exactly

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what I was wondering as always I should

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read these thing through before making

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random comments well they were kind of

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in on it too okay here we go the

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American government after the Civil War

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was seriously corrupt and many officials

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had their hands out they wanted a part

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of the tremendous expansion of the

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nation's economy and power there was a

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ton of money floating around in the

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space and it was hard to say no yeah but

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if you're in the government you should

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say no that's kind of your job and if

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you're not saying no there should be

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courts and stuff to punish the battery

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because clearly this isn't working and

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the whole government was super corrupt

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so it's basically a kind of like well

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everyone's doing it situation not good

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bands Milton is a large family Oh fun

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fact here apparently Gloria Vanderbilt

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who I don't know who she is but I do

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know who Anderson Cooper is Gloria

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Vanderbilt's her mum they are descended

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from his family and they're super rich

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because they've been even today I didn't

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know that I didn't know Anderson Cooper

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was like I just thought he was like a

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super rich TV guy

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that's cool but I guess it's called

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generational in a way I like this it's

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kind of like wow they made a lot of

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money and they really held on to it and

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then as I also yeah they're just super

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rich forever I don't know if that's good

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like in the UK a lot of that gets

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crushed because I don't know how it is

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in the States but in the UK an

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inheritance tax it's absolutely brutal

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like if you're rich they will take you

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know most of your money just one of

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their many palatial homes the

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Vanderbilts sorry today which is one of

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their many palatial homes the Biltmore

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in North Carolina is today a tourist

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attraction sort of like the castles of

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the Royals in Europe all right so how

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about another robber baron and this one

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you have for sure heard of and that's

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john d rockefeller he got rich elsewhere

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he zeroed in on early on the value of

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petroleum originally used in making

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kerosene which was in high demand

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petroleum obviously later became the key

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ingredient in the development of gas and

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the internal combustion engine and cars

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while they turned out to be kind of a

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big deal

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got into the oil business right after

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the Civil War and through aggressive

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expansion and shrewd and sometimes

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extremely unscrupulous business tactics

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he made his Standard Oil Company the

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largest corporation that ever existed so

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far and this dude was rich like it's

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hard to compare because it was so long

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ago but considering the amazing wealth

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of Jeff Bezos of Amazon the richest man

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in the world

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by far yeah he's worse like Jeff Bezos

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is like a hundred fifty some million and

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Gates is like at ninety something Jeff

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Bezos is rib-eye

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Irie I really feel like Jeff Bezos you

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know you're rich where you're the

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richest man in the world and you get

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divorced and you're still the richest

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man in the world that's when you know

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you're rich however rockefeller is

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likely the richest person to have ever

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lived with the possible exception of

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Augustus Caesar yeah that's got to be

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rich seasoned super hard to work out

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though so let's just say rockefeller was

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off-the-charts wealthy and that made it

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easy for him to drive potential

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competitors out of business so how did

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rockefeller operate well it moves into a

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new area and say to the local oil man

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hey I want to buy your business if he

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said yes amazing if he said no things

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are about to get really rough for him

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Rockefeller would begin selling oil to

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that man's competitors is an extremely

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low price and the load that the locals

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could not compete with eventually the

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small firm would be driven out of

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business or were bought out by Standard

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Oil and Rockefeller would get it for way

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less than it initially offered put

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yourself in the position of the guy

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who's facing up to rockefeller it's a

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you know because he's done he's done

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this before by the time he gets to you

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who's done this before you know that if

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he stands out earlier like now I'm gonna

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compete with you he's just gonna crush

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your business and buy for nothing so

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your desire no matter how much you want

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to stay in business is just is just you

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to sell this would be so illegal today

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this was just one of the many tactics

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that Rockefellers and the Rockefeller

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and others like him in other industries

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used and yes all of this would be

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totally illegal today but it was sort of

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like the business Wild West others

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included setting up cartels sounds

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illegal it wasn't illegal it is illegal

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now these were unofficial organizations

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of companies in the same industries but

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in other parts of the country basically

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they'd say hey let's not compete with

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each other let's also set the super high

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price of a really high margin and we'll

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all get away with it and get super rich

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if laws didn't exist like this too

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this today of course this would happen

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you'd be like if I was running a shop

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and my mate

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John was running a shop down the street

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and we sold Mars bars I would say I'd go

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to jail hey Judd have we were the only

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source of Mars bars in the town

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I just sated and everyone loved Mars

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bars you know so I'm just setting up the

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situation here it's obviously fictional

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I would definitely have lunch with John

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one day and be like John I know we're

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competitors but how about we just set

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the price in Mars bars at like 2 pounds

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20 and people have to buy them and

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that's like how it is and then that

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would definitely be illegal although I

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still feel like I could I do feel like

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if I was in a petrol station in the

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middle of nowhere that still charged me

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two pounds 20 for a Mars bar but then

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that's not collusion that's just there's

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no one else around so to get a Mars bar

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from just economics now this is just

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economics but the Barons also had a bad

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rap for the way they treated their labor

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force in many cases such as Rockefeller

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or Carnegie another robber baron he was

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basically in steel they had to come

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they'd come from virtually nothing and

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they believed that anyone with enough

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Drive could make a success of themselves

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work as he wanted better conditions and

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in the oil field steel mills and coal

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mines life could be dangerous and

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healthy and short they were deemed

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troublemakers and they were dealt with

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many times threats and many times these

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were violence it was basically a

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situation of if you want safe conditions

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how about no you can see why these guys

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got a bad reputation many of the larger

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companies had their own police forces

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and in a time where politicians and

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their hands outs the real law looked the

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other way

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strikes and other work as tactics to get

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better conditions were dealt with

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ruthlessly and many people died in the

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clashes between workers and owners it's

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no coincidence that labor unions began

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in earnest about this time workers

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overheard talking about unions were

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usually immediately dismissed many times

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where they've broken our show for it

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holy Sh this is bad I mean it's super

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good to be a rockefeller back in the day

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but you don't want to be the worker

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these guys got screwed I don't want to

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laugh about it it's pretty terrible I'm

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glad like conditions up this is always

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the thing like people complain about

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stuff today and I complain about stuff

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all the time but it's like we literally

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live in a better time than ever before

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like yes there's discrimination and all

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of these bad things but boy whatever

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your situation it was not this bad

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however because of the unions

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and pressure famous Expo days such as

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the jungle absence and Claire's novel

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about the meatpacking industry and Ida

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Tarbell the history of the standard or

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company about these abuses slowly things

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began to change I've heard of the jungle

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and I think I've read it but there was

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that meatpacking thing I think was in

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New York right and how horrible it was

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but things began to change where they

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were super slow the rise of Theodore

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Roosevelt's of presidency also helped

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the labor force many laws were enacted

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at this time helping to curb some of the

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worst abuses but they weren't all bad it

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should be remembered however that

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despite all of these abuses many of the

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robber barons began the modern

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philanthropic movement to help people in

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society you've probably heard a lot of

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the names because of their charity work

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indeed the Rockefeller Foundation hands

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out billions in charitable donation has

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handed out billions in charitable

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donations and still does Andrew Carnegie

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was essentially the founder of the

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modern Public Library System don't

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donating many tens of millions of

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dollars to help educate the people it's

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interesting I think these guys in a way

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they come from just a different time

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that situation I gave with John and the

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Mars bars it's like in a way you know

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it's wrong because people are getting

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exploited but it's also the sensible

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thing maybe I don't know maybe I'm just

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completely unethical but it's like I

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would have that meeting with John and

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I'll be like John what's that man we

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others like set the price of Mars bars

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it probably should occur to me but it

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probably wouldn't not screwing people

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maybe that makes me a terrible person

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but I think these guys are a product of

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their time evidenced by the fact that

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they did give a lot of their money away

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to charity I think they probably just

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see it as a game like making money as

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business and then we're good people will

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just give away a ton of it universities

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all over the country were founded by

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people like Carnegie and obviously

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Vanderbilt I guess is the famous

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Vanderbilt University I've never heard

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of it so yes the good with the bad

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these guys just have crazy opportunities

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and no regulation and they took full

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advantage full all caps they did and the

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repercussions good and bad they can be

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seen today what do you guys think how

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are these guys amazing business people

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or kind of just terrible exploitative

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business leaders I guess that kind of

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depends on your perspective I hope you

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enjoyed this video this was business

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blaze those were the robber barons

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now I know if you've got suggestions for

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in the comments below vote for the ones

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what we've got to say smash it subscribe

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hit the bell I think that's my YouTube

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chilling done and I'll see you next time

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Étiquettes Connexes
Robber BaronsIndustrial RevolutionAmerican HistoryBusiness TycoonsEconomic PowerCornelius VanderbiltJohn D. RockefellerLabor ConditionsPhilanthropyRegulatory Issues
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