The group that fixes rates and regulates the railroads is called the ICC.
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.
The interstate commerce commission was established to regulate railroads. It was meant to eliminate rate discrimination and make sure fair rates were being used.
Railroads in the late 19th and early 20th centuries often sought to prevent farmers from organizing because they held significant economic power over agricultural communities. The main reasons include: **Control Over Shipping Costs**: Railroads were the primary means of transporting crops from farms to market. Farmers depended on railroads to ship their goods, but the railroads often charged high, discriminatory rates. These high rates, especially for shipping grain or livestock, squeezed farmers’ profits. If farmers organized, they might be able to exert collective bargaining power to demand lower rates, which would cut into the railroads’ profits. **Political Influence**: Railroads were some of the largest and most influential corporations in the U.S. during the Gilded Age and early Progressive Era. They had political influence and could sway local and national governments. Farmers' organizations, like the Grange and later the Populist movement, aimed to push for reforms in pricing, regulation, and land policies that could reduce the power of the railroads. This posed a direct challenge to the interests of railroads and their political allies. **Competition and Monopoly**: Many railroads operated as monopolies or oligopolies in certain regions, meaning that farmers often had few or no other options for transporting their goods. If farmers began to organize and demanded fairer pricing, railroads feared that such movements could encourage the development of competing transportation networks, which would break their monopoly and reduce their ability to control the flow of goods. **Potential for Government Regulation**: The success of farmer organizing could lead to government intervention, such as the regulation of railroads. The Interstate Commerce Act of 1887 and the Sherman Antitrust Act were early attempts to regulate railroad monopolies, and farmers were a driving force behind such legislation. Railroads sought to suppress any movement that might result in tighter regulation or government control over their rates and operations. Farmers’ efforts to organize were therefore seen as a threat to the economic power of railroads, both in terms of direct financial losses and the broader political and regulatory challenges they could inspire.
The interest rates and the amount of money have been controlled by the economy rates since 1913.
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.
The group that controls these things is known as the ICC.
The Interstate Commerce Commission regulated the freight rates of railroads.
H. T. Newcomb has written: 'Proposed solution of the railway rate problem' -- subject(s): Railroads, Rates, Freight 'Railway economics' -- subject(s): Railroads 'The work of the Interstate Commerce Commission' -- subject(s): Railroads and state, United States. Interstate Commerce Commission, Railroads, United States, Rates, Freight 'Changes in the rates of charge for railway and other transportation services ..' 'Reasonable railway rates' -- subject(s): Railroads, Rates 'For the railroads' -- subject(s): Railroads, Rates, Freight 'The concentration of railway control' -- subject(s): Railroads
Mark Wymond has written: 'Government partnership in railroads' -- subject(s): Railroads and state 'Railroad valuation and rates' -- subject(s): Railroads, Rates, Freight, Valuation
the fed
to charge the same taxes
Joseph Horrocks has written: 'Railway rates' -- subject(s): Railroads, Rates, Freight
Graduated licenses have reduced DUI driving rates because this license allows for new drivers to receive a gradual amount of driving experience over time.
forcing railroads to lower their rates
Norris L. Gage has written: 'The relations of Kansas railroads to the state of Kansas' -- subject(s): Accessible book, Railroads, Rates, Railroads and state
For major trunk lines, where there was competition, the railroads charged lower rates and even gave rebates. For spur lines, where there was a monopoly, the railroad charged higher rates for the same type
equality in shipping rates charged by railroads