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Why didn't the Interstate Commerce Act immediately limit power of the railroads?
Because of a long legal process and resistance from the railroads, until 1897, when Supreme Court ruled that it could not set maximum railroad rates.
Why was the interstate commerce commission established-?
The interstate commerce commission was established to regulate railroads. It was meant to eliminate rate discrimination and make sure fair rates were being used.
Since 1913 the United States banking system interest rates and the amount of money in calculation have largely been controlled by?
The interest rates and the amount of money have been controlled by the economy rates since 1913.
What methods did railroad compaines use to limit competioon?
Railroad companies used a range of methods to limit competition. One common tactic was the establishment of exclusive agreements with shipping and manufacturing companies, tying them to their rail services. Railroads also engaged in predatory pricing, undercutting competitors' rates to drive them out of business. Additionally, they formed trusts and cartels to control prices and divide up territories, preventing new companies from entering the market.
What was the act that set maximum railroad rates?
Hepburn
