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A tycoon is person that has wealth and power in a business industry. Mostly tycoons were not born to be successful due to them facing multiple struggles, but as they grow up they came up with strategies that made them who they are, a tycoon.

Tycoon's main strategy is to use their own power which is wealth. With wealth they were able control their workers by forcing them to work multiple hours which eliminated competition against other companies.

Robber baron later established monopolies which raise prices of products compare to regular prices this resulted workers wages to reduce.

Social Darwinism is the theory of survival and succes of the most capable people where being poor was a sign of being lazy or inferior and deriving of poverty. Also where God maded them as they are and they should stay like that. This theory was mostly favored by American billioners because they believed that they would no longer have to work and restrict any profit.

Source John D. Rockefeller was a famous monopolies