What was the sentiment regarding government control of railroads in Gilded-Age America?
score:4
Railroads were considered by economic historians to be central to the development of the United States beginning from the second half of the 19th century.
Despite this obvious benefit, farmers and city dwellers alike feared that the railroads were earn monopoly profits by "charging what the market would bear." Beginning in the 1880s, there were calls for regulation. The earliest issue was one of equal tariffs for everyone (large and small, local and national consumers), and disclosure of the same, because railroads represented interstate commerce. This was equivalent to today's call for "net neutrality."
Later (post Gilded Age, "Progressive") calls for regulation included the rate regulation of railroads almost as if they were utilities, with price caps that would allow a fair rate of return for the railroads, but prevent them from using their (quasi) monopoly powers to maximize profits. This was instituted through the Hepburn Act of 1906 and later legislation.
Upvote:0
I think you must study President Grant, the economic depression of his tenure, the Black Hills gold, and the unjust war against the Plains Indians. President Grant facilitated the railroads to bring in settlers, kill all the buffalo to starve the Indians, and take over the Black Hills gold fields to support the country's economy. The Federal government supported the railroad magnates by giving them the land along the railroads, obviously a huge asset for the developing economy.
More post
- 📝 Why is USS Saratoga (CV3) nicknamed "Sara Maru"?
- 📝 Are there registers of the scores and participation in ancient Olympic games?
- 📝 How common are the following activities historically?
- 📝 Who was blamed for shell failures on the Western Front?
- 📝 Were African-American slaves forced to reproduce under the assumption of artificial selection?
- 📝 When were domesticated animals tethered on a pole with a rope?
- 📝 What is the historical basis for the Exodus?
- 📝 What happened to the census records kept in the Atrium Libertatis?
- 📝 Did the Portuguese Crown sponsor Brazilian gold-seeking expeditions (bandeiras) in the 17th century?
- 📝 How did ancient people treat acne?
- 📝 Was there ever any co-existence solution to peace with Israel that the Arab Palestinian side proposed or said would accept?
- 📝 What is the history of organizing militaries primarily through semi-permanent units as opposed to individual positions?
- 📝 Why were North American indigenous peoples underdeveloped?
- 📝 How did public debt financing through annuities work in the States General of the Netherlands?
- 📝 Are there non-Biblical references to collecting foreskins?
- 📝 Why did Zhang Xueliang and Yang Hucheng receive different punishments for their role in the Xi'an Incident?
- 📝 Where are official images and metadata of cave paintings housed?
- 📝 Is there documentary evidence that Stalin intended/prepared to fight Germany after the Nazi-Soviet pact?
- 📝 When and where was the first naval gunnery school/college established?
- 📝 How did ancient mystery religions impact Christianity?
- 📝 Why did sculpture and architecture become unpainted white, like skeletons of the dead?
- 📝 What is the difference between the Middle Ages and the Dark Ages?
- 📝 To what degree did women participate in the air war during WW2?
- 📝 To what extent did the 1793 yellow fever outbreak in Philadelphia influence the process of relocating the capital to Washington DC in 1800?
- 📝 Fanons 'Concerning Violence' makes the point that Nazism was the culminating point of the project of European Colonialism, how true is that?
- 📝 Were there buttons in the Holy Land?
- 📝 Why is Titus known as Titus?
- 📝 What is this German/Italian badge?
- 📝 Why try to escape a POW camp?
- 📝 How many non-partisan (independent) legislature members were in the USA compared to the USSR?
Source: stackoverflow.com
Search Posts
Related post
- 📝 What was the sentiment regarding government control of railroads in Gilded-Age America?
- 📝 What was the value of the spice trade during the age of exploration?
- 📝 What was the Mantineian form of government and what praise did it receive?
- 📝 Communication lag during the Age of Sail: what if enemy claimed that peace agreement was signed?
- 📝 What was the age of majority in 1900 United States?
- 📝 What was the age of majority in England in the 1870s?
- 📝 What was the average age of first marriage in 18th century Russia?
- 📝 What was the attitude of Brazil's government towards the Spanish Civil War?
- 📝 What was the expected retirement age for men in Spain in 1936?
- 📝 What was the extent of Kohl's government opposition to the independence of Ukraine?
- 📝 What was the custom/consensus regarding irregular combatants 19th century?
- 📝 What was the UK Constitution in 1776, regarding taxation and representation?
- 📝 What was the age distribution in the Bronze Age? How do I find out?
- 📝 What was the extent of Japanese control after the Hiroshima and Nagasaki bombs and before surrender?
- 📝 What was the average age of tank crews, in particular commanders, in WW2?
- 📝 What was the age to ascend to the throne as Khan/Khagan?
- 📝 What was the age of majority in France and Belgium in 1945?
- 📝 What was the opinion of Hitler regarding p**nography?
- 📝 What was the military age in Romania between the world wars?
- 📝 What was the dominant government system in the 1600s~1800s?
- 📝 Did Adolf Hitler ever address the fact that his own appearance was almost an exact opposite of what he considered the ideal Aryan appearance?
- 📝 Why was Africa colonized last of the continents in the Age of Discovery?
- 📝 What was the historical context of the 2nd amendment to the US Constitution?
- 📝 During the breakup of the Soviet Union, on what basis was citizenship granted or withheld for each of the fifteen new republics?
- 📝 What was the typical peasant's diet like in Europe during the High Middle Ages?
- 📝 What led some people to (correctly) believe that there was no land under the ice cap at the North Pole?
- 📝 What was the status of Arab Christians during the crusades?
- 📝 What was the religion of the Arabic people before conversion to Islam?
- 📝 What was the purpose of Nazi extermination camps?
- 📝 What was the internal Soviet reaction to the moon landing?