Hepburn act was successful

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2026-02-16 04:15

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The Hepburn Act of 1906 was considered successful in enhancing federal regulation of railroads by giving the Interstate Commerce Commission (ICC) the authority to set maximum railroad rates and regulate other aspects of the railroad industry. This legislation aimed to curb the monopolistic practices of railroads and ensure fair pricing for consumers. It marked a significant step towards increased government intervention in the economy and laid the groundwork for future regulatory measures. Overall, the Hepburn Act helped to restore public trust in the fairness of transportation rates and practices.

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