Hepburn Act
by A.B.
The Hepburn Act basically gave the ICC the power to regulate the railroad industry by setting railroad rates. It set rates in order to make sure companies didn’t compete unfairly. President Theodore Roosevelt endorsed the bill and strongly supported the fact that the government should increase the regulation of the railroad industry. Farmers were in favor this act. This was because it helped them and businesses reach new markets, which meant they’d make more money than usual. However, big businesses hated this act, because it interfered with their business deals and their money. Sources: Text Book – Page 557 & www.archives.gov/legislative/features/hepburn/ |