Time for Regulation

August 30, 2009 by Bdoga 

locomotiveHow much time passed between the writing of the Constitution and the regulation of railroads – 72 years, 90 years, or 100 years?Answer: One Hundred Years – exactly one century. (In 1887 Congress passed the Interstate Commerce Act which authorized a commission to pass upon the “reasonableness” of the rates charged by railroads. This power was gradually expanded until the railroads were virtually bankrupted.)

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