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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
Licenses fixes rates and regulates other aspects of commercial transportation?
The group that controls these things is known as the ICC.
Which of these regulated the freight rates of railroads?
The Interstate Commerce Commission regulated the freight rates of railroads.
What has the author H T Newcomb written?
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
What has the author Mark Wymond written?
Mark Wymond has written: 'Government partnership in railroads' -- subject(s): Railroads and state 'Railroad valuation and rates' -- subject(s): Railroads, Rates, Freight, Valuation
Who regulates interest rates on all types of credit?
the fed
What did the Interstate Commerce Act required of the railroads?
to charge the same taxes
How have graduated licenses reduced DUI driving rates?
Graduated licenses have reduced DUI driving rates because this license allows for new drivers to receive a gradual amount of driving experience over time.
What has the author Joseph Horrocks written?
Joseph Horrocks has written: 'Railway rates' -- subject(s): Railroads, Rates, Freight
How did the grange movement improve the plight of farmers?
forcing railroads to lower their rates
What has the author Norris L Gage written?
Norris L. Gage has written: 'The relations of Kansas railroads to the state of Kansas' -- subject(s): Accessible book, Railroads, Rates, Railroads and state
What anomaly involving railroads necessitated regulation?
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
The interstate commerce act of 1887 required what?
equality in shipping rates charged by railroads
