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What is the elkins act?
A brief summary from good ol'Wikipedia:The Elkins Act is a 1903 United States federal law that amended the Interstate Commerce Act of 1887.[1] The Elkins Act authorized the Interstate Commerce Commission to impose heavy fines on railroads that offered rebates, and upon the shippers that accepted these rebates. The railroad companies were not permitted to offer rebates.Prior to the Elkins Act, the livestock and petroleum industries paid standard rail shipping rates, but then would demand that the railroad company give them rebates. The railroad companies resented being extorted by the railroad trusts and therefore welcomed passage of the Elkins Act. The law was sponsored by President Theodore Roosevelt as a part of his "Square Deal" domestic program, and greatly boosted his popularity.
What methods did the railroad barons used to drive smaller companies out of business?
As the railroad network expanded, the railroad companies competed fiercely with one another to keep old customers and to win new ones. Large railroads offered secret discounts called rebates to their biggest customers. Smaller railroads that could not match these rebates were often forced out of business. The railroad barons also made secret agreements among themselves, known as pools. They divided the railway business among their companies and set rates for a region, a railroad could charge higher rates and earn greater profits.
The Elkins Act and the Hepburn Act regulated railroads by?
The Elkins Act of 1903 and the Hepburn Act of 1906 were significant pieces of legislation aimed at curbing railroad monopolies and unfair practices. The Elkins Act prohibited railroads from offering rebates to favored customers, ensuring more equitable rates for all shippers. The Hepburn Act further strengthened regulations by granting the Interstate Commerce Commission (ICC) the authority to set maximum railroad rates and expand its oversight of railroad operations. Together, these acts aimed to promote fair competition and protect consumers from exploitative pricing.
What happened to the bushstimulus money?
Bush the thief gave it to the now underground Homeland security moles. They have literally dug their own graves. Seriously, they have builted what appears to be single story facilities in most states, perhaps all.
What country did the war take place in the middle east?
Technically the "Middle East" is Southwest Asia. The word "Orient" means EAST. The "Middle Orient" would actually be India, Afghanistan, etc. Iraq, Israel, Jordon, Syria, etc. are actually in Southwest Asia; Turkey used to be called ASIA MINOR. Southeast Asia is Vietnam, Cambodia, Laos, Thailand, Burma, etc. "Occident" means WEST. Mis-titling started during WW1 when Britain began releasing their colonies in Southwest and Central Asia (Arab nations and India). Since Britain was the primary colony holder in the world, the US has followed their lead in using British naming systems. Britain termed Asian countries based upon the distance the country was from Great Britain. Example: if an Asian country was close to England, such as Turkey, it was ASIA MINOR or the NEAR EAST. If an Asian country such as Japan was far from England, it was the FAR EAST. The Korean War was fought in the Far East (Far Orient), Eastern Asia; Korean Peninsula. The Vietnam War was fought in the Far East (Far Orient), Southeast Asia. The Six-Day Arab-Israeli War was fought in Southwest Asia (Southwest Orient); or to use the old British term the "Near East or ASIA MINOR". The Yom-Kipper War, Arabs vs Israel fought in the same areas noted above. Operation Desert Storm (January thru Febuary 1991) was conducted in Southwest Asia (Iraq). Or in the old British term, the "NEAR EAST or ASIA MINOR." Operation Iraqi Freedom (2003 to present) same as above. Afghanistan Operations would be closer to the MIDDLE EAST (Middle Orient). Pakistan, Iran, Afghanistan, India are flanked on both sides with Asian countries (Far East and Far West Asians).
How did the elkins act hurt cooperations?
The Elkins Act of 1903 aimed to curb the practices of railroads that offered rebates to favored shippers, which often included large corporations. By prohibiting these discriminatory pricing practices, the Act leveled the playing field for smaller competitors, potentially reducing the competitive advantages that large corporations held. This regulatory change limited the ability of corporations to negotiate lower shipping costs through rebates, ultimately increasing their operational expenses and impacting their profit margins. As a result, the Act sought to promote fair competition, which could undermine the dominance of established corporations in the market.
What were secret discounts for big customers on large railroads called?
Rebates.
What law passed by congress which prohibited railroads from accepting rebates from their best customers?
The Elkins Act
What the definition of interstate commerce act?
A new law that didn't allow unfair practices of pools or rebates along the railroads.
What industry did John D Rockefeller make his fortune in?
By the end of the Civil War, Cleveland was one of the five main refining centers in the U.S. (besides Pittsburgh, Philadelphia, New York, and the region in northwestern Pennsylvania where most of the oil originated). In January 1870, Rockefeller formed Standard Oil of Ohio, which rapidly became the most profitable refiner in Cleveland. When it was found that at least part of Standard Oil's cost advantage came from secret rebates from the railroads bringing oil into Cleveland, the competing refiners insisted on getting similar rebates, and the railroads quickly complied. By then, however, Standard Oil had grown to become one of the largest shippers of oil and kerosene in the country. That is the answer.
What anomaly involving railroads necessitated regulation?
For major trunk lines, where there was competition, the railroads charged lower rates and even gave rebates. For spur lines, where there was a monopoly, the railroad charged higher rates for the same type
What is the purpose of the Elkins act?
The Elkins Act was imposed to stop the practice of rebates from railroad companies. It was supported as a way to end the influence of certain organizations that used railroads to transport goods. The organizations often sought out rebates from railroad companies after travel was completed.
What did the elkins act of 1903 accomplish?
The Elkins Act of 1903 aimed to curb the practice of railroads granting rebates to favored customers, which distorted fair competition. It made it illegal for railroads to offer secret rebates and required them to publish their rates openly. The Act empowered the Interstate Commerce Commission (ICC) to enforce these regulations and imposed heavy fines on violators. Overall, it sought to promote fairness and transparency in the railroad industry.
What is the elkins act?
A brief summary from good ol'Wikipedia:The Elkins Act is a 1903 United States federal law that amended the Interstate Commerce Act of 1887.[1] The Elkins Act authorized the Interstate Commerce Commission to impose heavy fines on railroads that offered rebates, and upon the shippers that accepted these rebates. The railroad companies were not permitted to offer rebates.Prior to the Elkins Act, the livestock and petroleum industries paid standard rail shipping rates, but then would demand that the railroad company give them rebates. The railroad companies resented being extorted by the railroad trusts and therefore welcomed passage of the Elkins Act. The law was sponsored by President Theodore Roosevelt as a part of his "Square Deal" domestic program, and greatly boosted his popularity.
How di Standard Oil become an monopoly?
Standard Oil became a monopoly through aggressive business practices, including horizontal and vertical integration. By acquiring competitors and controlling various stages of oil production, refining, and distribution, it eliminated competition and achieved economies of scale. Additionally, John D. Rockefeller utilized secretive deals, rebates from railroads, and strategic pricing to undercut rivals. These tactics allowed Standard Oil to dominate the oil industry and significantly reduce competition by the early 20th century.
Where can I find information about direct TV rebates online?
You can find information about direct tv rebates simply by going to the direct tv website. It has lots of information about rebates for you! https://www.directv.com/DTVAPP/rebates/rebatesCenter.jsp
Where can you find an Acuvue Oasys rebate?
In order to find Acuvue Oasys rebates all you have to do is to go to the rebates page of the Acuvue websites. All of the rebates are right there for you.
