industrial barons
/ɪn.dʌsˈtrɪ.əl ˈbær.ənz/ · in.dus.tri.al.bar.ons
noun
- Wealthy and influential individuals who control large industrial enterprises, often with significant economic and social power. The industrial barons of the steel industry dominated the market for decades, shaping the course of economic development in the region.
- A class of wealthy individuals who accumulate wealth and power through industrial activities, often at the expense of workers and the environment. The rise of industrial barons in the 19th century led to increased income inequality and social unrest.
adjective
- Relating to or characteristic of the wealthy and influential individuals who control large industrial enterprises. The industrial barons' influence on politics and policy-making was a major concern for social reformers.
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Did you know? The term 'robber barons' was used to describe the industrial barons of the late 19th century, highlighting their perceived exploitation of workers and the environment.