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Chapter 08 #29

b) Elkins Act

Passed in 1903, the Elkins Act targeted unethical practices in the railroad industry. This federal law sought to end the practice of rebates and rate discrimination by railroads, which unfairly favored certain shippers. The Elkins Act strengthened the Interstate Commerce Commission’s power to regulate railroad rates and practices, marking a significant step in the government’s efforts to control the power of large corporations and ensure fair competition.