One of the Oldest American Horror Story Theories Might Be Legit

Elsa Mars's little collection of curiosities is all about exploitation. She herself is on a journey to get rich and famous and find stardom. At the same time, she's taking advantage of her employees by making money off of their deformities and imperfections. By the time we reach the end of the story, it's clear that Elsa is keen to sell the freak show without a second thought.