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Chapter 08 #45

c) The railroad industry

The Hepburn Act of 1906 was enacted to address unethical practices in the railroad industry. This legislation, championed by President Theodore Roosevelt, strengthened the Interstate Commerce Commission’s ability to regulate railroad rates and prevent unfair pricing. The Hepburn Act represented a significant step in the Progressive Era’s efforts to regulate large corporations and protect the public from exploitation, marking a shift toward increased federal intervention in the economy.