0
An agreement between railroad companies to divide business in a given area share the profits
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
Railroad companies competed with each other for business by?
offering rebates to large customers.
What is the purpose of the Elkins act?
The Elkins Act was imposed to stop the practice of rebates from railroad companies. It was supported as a way to end the influence of certain organizations that used railroads to transport goods. The organizations often sought out rebates from railroad companies after travel was completed.
What railroad practice did reformers call on governments to legislate in the late 1800s with minimal success?
Rebates to large companies!
Which legislation made using rebates to control prices illegal?
The Interstate Commerce Act of 1887 made using rebates to control prices illegal. This act was put into place largely to control the railroad industry.
Which piece of legislation made it illegal for railroad or shipping companies to use rebates as a way to control price?
Hepburn Act
What methods did the railroad barons used to drive smaller companies out of business?
As the railroad network expanded, the railroad companies competed fiercely with one another to keep old customers and to win new ones. Large railroads offered secret discounts called rebates to their biggest customers. Smaller railroads that could not match these rebates were often forced out of business. The railroad barons also made secret agreements among themselves, known as pools. They divided the railway business among their companies and set rates for a region, a railroad could charge higher rates and earn greater profits.
How did Andrew Carnegie use vertical integration to increase his power?
He used vertical integration so that he did not have to cooperate with the companies that sold raw materials. He also took rebates from railroad companies.
What was Elkins Act and Hepburn Act?
Hepburn Act · Who: sponsored by William Peters Hepburn · What: a law to enable railroad regulations (set maximum rates, discontinues free passes and able to look at financial records) extended to cover bridges, terminals, ferries, railroad sleeping cars, express companies and oil pipelines. · Where: All railroads, bridges, terminals, ferries, railroad sleeping cars, express companies and oil pipelines in U.S · When:1906 · Why: to be able to set maximum railroad rates · How: passed by congress · President: Theodore Roosevelt · Success/Failure: Success Elkins Act · Who:The law was sponsored by President Theodore Roosevelt · What: The Elkins Act authorized the Interstate Commerce Commission to impose heavy fines on railroads that offered rebates, and upon the shippers that accepted these rebates. The railroad companies were not permitted to offer rebates. · Where: Railroad companies in the United States · When: 1903 · Why: to strengthen the I.C.C · How: Passed Congress and signed by the President · President: Theodore Roosevelt · Success/Failure: Success
What is the elkins act?
A brief summary from good ol'Wikipedia:The Elkins Act is a 1903 United States federal law that amended the Interstate Commerce Act of 1887.[1] The Elkins Act authorized the Interstate Commerce Commission to impose heavy fines on railroads that offered rebates, and upon the shippers that accepted these rebates. The railroad companies were not permitted to offer rebates.Prior to the Elkins Act, the livestock and petroleum industries paid standard rail shipping rates, but then would demand that the railroad company give them rebates. The railroad companies resented being extorted by the railroad trusts and therefore welcomed passage of the Elkins Act. The law was sponsored by President Theodore Roosevelt as a part of his "Square Deal" domestic program, and greatly boosted his popularity.
How did railroad companies compete with each other for business?
bcoz all the people started to conpeting each other in a result all companies lost money
Where can I find information about direct TV rebates online?
You can find information about direct tv rebates simply by going to the direct tv website. It has lots of information about rebates for you! https://www.directv.com/DTVAPP/rebates/rebatesCenter.jsp
Where can you find an Acuvue Oasys rebate?
In order to find Acuvue Oasys rebates all you have to do is to go to the rebates page of the Acuvue websites. All of the rebates are right there for you.
