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Robber Baron is a pejorative term used for a powerful 19th century businessman. By the 1890s, the term was typically applied to businessmen who were viewed as having used questionable practices to amass their wealth. It combines the sense of criminal ("robber") and illegitimate aristocracy ("baron"). U.S. political and economic commentator Matthew Josephson popularized the term during the Great Depression in a 1934 book by the same title.