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What legislation was passed during the gilded age to regulate monopolies and railroads?
Wiki User
∙ 12y ago
1887: The Interstate Commerce Act which attacked monopolies and competition.
1890: Sherman Antitrust Act which attacked contracts made between businesses.
Wiki User
∙ 12y ago
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What was the primary means of transportation in Russia during the Soviet era?
Roads and Railroads
What did the southern state governments help to finance during the reconstruction period?
Railroads
What tool did President Roosevelt use to dismantle trusts and monopolies during the Progressive Era?
Sherman Anti-trust laws/act
The north was the main center for what three things during the civil war?
finance, railroads, and manufacturing
What important piece of legislation was passed during Hardings administration?
Patman bill
Which of these statements is not true regarding the regarding the expansion of the railroads?
One statement that is not true regarding the expansion of the railroads is that no laws were passed to regulate the railroads. This was during the expansion from 1860 to 1900. (A+) Railroad expansion took business away from the trucking industry.
What did the interstate commerce commission regulate?
The Interstate Commerce Commission (ICC) regulated commercial transportation between the states: railroads, trucking, shipping, air freight; basically it regulated anything that moved goods. It originally started with the growth and development of railroads during the 19th century. The railroads in general were owned by fabulously wealthy investors, since it took a vast amount of capital to lay tracks and purchase the expensive engines and cars, the "high technology" of their day. In return for vast investments, the railroads expected vast profits, and they engaged in all sorts of unsavory tactics that were unfair to their customers. The ICC was established in 1887 following a Supreme Court decision in favor of railroads that ONLY the U.S. government could regulate interstate commerce, another blow against State's Rights. The U.S. Constitution only says the following about interstate commerce, describing the power of Congress: "To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes". Everything else that has come after is the result of legislation and court decisions.
What were monopolies and trusts?
Monopolies and trusts were big businesses that had gained control over all other competition, therefore allowing themselves to regulate prices (usually causing widespread debt on people who were reliant on their services). An example of this is the railroad companies during the industrial revolution who could charge ludicrously per freight car of goods shipped to the farmers who were unable to get their goods out otherwise. These monopolies, or trusts, are now prevented by the government to keep them from hurting others as they did in the past.
Who controlled most of the railroads during the civil war?
The North controlled most of the railroads during the Civil War.
Why did monopolies develop during the industrial revolution?
Monopolies developed during this time period because they believed that monopolies had to keep prices low because raising prices would encourage competitors to reappear and offer the same identical products for a much lower price.
What often happened to monopolies and trusts during the progressive era?
coruption
How are monopolies in the 1920's?
The Sherman Anti Trust and other anti-monopoly legislation tackled several businesses during the 1920s. For a period of time, even Major League baseball was targeted. Commonwealth Edison, which was owned by Samuel Insull, was a utility monopoly. The fight against this monopoly would lead to the Public Utility Holding Act legislation.
What did monopolies and trusts reduce during the late 1800s?
Monopolies limited competition in a certain market. Limited competition meant that the company could choose any price they wanted.
Which legislation affects how information is used during client consultation?
outline legislation that affects imformation during client consultatin
What was the main transportation system during the antebellum period?
Railroads
Businesses formed trusts and monopolies during the late 19th century mainly to?
eliminate competition
What were two inventions by Africans during the reconstruction era?
phonograph railroads
