THE ROBBER BARONS

CORNELIUS VANDERBILT

• He was a robber baron. During the Civil War he sold or leased to the U.S. Navy unseaworthy vessels at inflated prices
• some were in such bad shape they sank before leaving port.
• After the Civil War he used lawyers and hired guns to steal land from settlers and indians to build his railroads on

HENRY FRICK

• When Carnegie retired in 1889, Frick became chairman of Carnegie Steel
• under his management it became the world's largest coke and steel operation.
• He was a lead investor in a group which purchased a reservoir now known as Lake Conemaugh, near Johnstown, Pennsylvania, converting the shore into a private resort for the wealthy called the South Fork Fishing and Hunting Club.

JAY GOULD

• he worked with allies James Fisk and Daniel Drew to combat Cornelius Vanderbilt's acquisition of the railroad
• Gould used every underhanded trick, from bribing public officials to massively watering stock.
• attempted to corner the gold market,

J. PIERPOINT MORGAN

• Both. He was a financier bent on forming a monopoly of the steel industry

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