What was the sentiment regarding government control of railroads in Gilded-Age America?
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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.
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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.
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