Gabriel Kolko, a left-leaning historian, wrote his Ph.D. thesis to identify the forces that brought railroads under regulation at the end of the 19th century. It was the railroad barons themselves who eventually sought regulation (and thereby brought it about). Kolko recounts the customer protests against high rates, especially for short-haul service, and the cycles of boom and bust, when competition caused railroads to overbuild, and then underprice their services. The railroad industry eventually sought regulation as a means of dividing up the market and ending ruinous competition. This book debunks the common view that Teddy Roosevelt and the progressives, acting at the urging of angry farmers and other customers, forced government to assert regulatory control over the railroads.
Railroads and regulation : 1877-1916
1965
VII, 273 S
8°
Book
English
Government regulation of railroads
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