Business, Legal & Accounting Glossary
Captain of industry was a term that originated in the U.S. during the Industrial Revolution describing a business leader who, as well as amassing a personal fortune, contributes positively to the country in some way. This may have been through increased productivity, expansion of markets, providing more jobs, or acts of philanthropy. This contrasts with robber baron, a term used to describe a business leader applying unscrupulous practices and bribery of public officials for “sympathetic” interpretation of the law.
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This glossary post was last updated: 26th April, 2020 | 5 Views.