John D. Rockefeller and Andrew Carnegie's attack on their given titles of "Robber Barons".

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Despite the fact that many had viewed John D. Rockefeller and Andrew Carnegie as "Tycoons of Industry" or "Robber Barons", these two industrial giants begged to differ. "Robber Baron" was a name given to industrial giants in the late 19th century who were believed to have become wealthy through unethical means, such as questionable stock-market operations. Rockefeller once stated "...and only through such successive steps and by a great aggregation of capital is America today …

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…stated that capitalists were modest and did not live ostentatiously although most capitalists of his time did flaunt their wealth. It seems that the statement given by Andrew Carnegie provided a sense of security and a newfound trust within capitalists. He tried to prove that he was not at all a "Robber Baron" of his time. He portrayed capitalists such as himself as men of wisdom and not shrewd men that hand swindled their wealth.