It combines the notions of criminality ("robber") and illegitimate aristocracy ("baron"). political and economic commentator Matthew Josephson popularized the term during the Great Depression in a 1934 book by the same title.The term derives from the medieval German lords who legally charged tolls on ships traversing the Rhine without adding anything of value. He attributed the phrase to an 1880 antimonopoly pamphlet about railroad magnates.Guidance documents are administrative instruments not having force of law and, as such, allow for flexibility in approach.Alternate approaches to the principles and practices described in this document may be acceptable provided they are supported by adequate scientific justification.
The term chosen to describe the merger depends on the economic function, purpose of the business transaction and relationship between the merging companies.
"Robber baron" is a derogatory term used for some powerful nineteenth-century American businessmen.
By the 1890s, the term was typically applied to businessmen who were viewed as having used questionable practices to amass their wealth.
Robber barons were contrasted with "captains of industry," a term originally used in the United Kingdom during the Industrial Revolution describing a business leader whose means of amassing a personal fortune contributes positively to the country in some way. He was the founder of the Standard Oil Company, which dominated the oil industry and was the first great U. In 1870, he founded the Standard Oil Company and aggressively ran it until he officially retired in 1897.
This might have been through increased productivity, expansion of markets, providing more jobs, or acts of philanthropy. As kerosene and gasoline grew in importance, Rockefeller's wealth soared, and he became the world's richest man and first American worth more than a billion dollars.