Elkins Act of 1903
The Elkins Act sought to fight rebates in the railroads industry towards companies. Heavy fines were set in place to disuade the two from giving or recieving these monetary evils. Teddy Roosevelt pushed this because the economy needed something stronger than the Interstate Commerce Commission to regulate trusts.
Hepburn Act of 1906
The Hepburn Act targeted free passes (bribery) among the railroads. It also expanded the ICC to include companies, sleeping car companies, and pipelines. Teddy implemented this act to target the badness, not the bigness, of trusts.
No comments:
Post a Comment