During the 1800s, America’s economy was dominated by so called rich and powerful moguls such as JD Rockefeller, JP Morgan, and Andrew Carnegie.  These men, along with many others, were wealthy, powerful businessman who rose to power by exerting control over American natural resources, controlling the railroad systems, influencing high levels of government, paying paltry wages to workers, squashing business competition by buying out competitors, creating monopolies and raising prices, and using deceptive financial schemes to sell stock at inflated prices to unsuspecting investors.  1,204 more words