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The Hepburn Act of 1906 was largely considered successful in its objectives. It strengthened the Interstate Commerce Commission (ICC) by granting it the authority to set maximum railroad rates and investigate railroad practices, which helped curb abuses in the industry. The act marked a significant step in federal regulation of railroads, promoting fair competition and protecting consumers. However, its effectiveness was somewhat limited by legal challenges and resistance from railroad companies, leading to further regulatory reforms in the following years.

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2mo ago

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