Synopsis
This book examines the history of efforts to regulate railway freight rates in the United States from 1851 to 1905. The author provides a detailed account of the ineffective, self-regulating measures adopted by railroad companies, and the regulatory statutes put into place by the federal government, including the Act to Regulate Commerce and the Elkins Act. The author argues that self-regulation was doomed to fail as competition forced companies to cut rates to attract business, which resulted in rate wars, bankruptcies, and poor service. The author also asserts that many of the federal laws, despite good intentions, were not effective due to legal loopholes, weak enforcement provisions, and the limited power of the Interstate Commerce Commission. These well-articulated arguments, supported by historical examples and an extensive appendix of relevant documents, provide valuable insights into the challenges of regulating an industry that was vital to America's economic development.
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Regulation of Railway Rates on Interstate Freight Traffic (Classic Reprint)
Print on DemandSeller: Forgotten Books, London, United Kingdom
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Paperback. Condition: New. Print on Demand. This book examines the history of efforts to regulate railway freight rates in the United States from 1851 to 1905. The author provides a detailed account of the ineffective, self-regulating measures adopted by railroad companies, and the regulatory statutes put into place by the federal government, including the Act to Regulate Commerce and the Elkins Act. The author argues that self-regulation was doomed to fail as competition forced companies to cut rates to attract business, which resulted in rate wars, bankruptcies, and poor service. The author also asserts that many of the federal laws, despite good intentions, were not effective due to legal loopholes, weak enforcement provisions, and the limited power of the Interstate Commerce Commission. These well-articulated arguments, supported by historical examples and an extensive appendix of relevant documents, provide valuable insights into the challenges of regulating an industry that was vital to America's economic development. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781331917670_0
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Regulation of Railway Rates on Interstate Freight Traffic Classic Reprint
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781331917670
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Regulation of Railway Rates on Interstate Freight Traffic Classic Reprint
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781331917670
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