Commerce Quotes - Page 16
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Unable to maintain their government-granted monopoly, the powerful railroad
interests turned to government to do the regulating and price-fixing which they
were unable to do themselves. In fact, the pressure that induced Congress to
enact the Interstate Commerce Act of 1887 did not come from reformers bemoaning
abuses by the powerful railroad interests; it came from the railroad interests
themselves, asking Congress to shield them against the harsh winds of
competition. -
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