Outline of the development of the internal commerce of the United States: 1789-1900Van Metre, Thurman William
History
Outline of the development of the internal commerce of the United States: 1789-1900
Van Metre, Thurman William
United States -- Commerce -- History
In no instance was this general proposition better demonstrated than in
the railroad problem. For nearly sixty years of the nineteenth century
the chief obstacle to internal trade had been the lack of the means of
transportation. To overcome this difficulty the states had first built
their own canals and railroads. Many of the state enterprises failing
because of weak administration, the states had surrendered the
management of railroads to private corporations, but the public
continued to share in railroad construction through numerous grants of
aid by federal, state and local governments. For a number of years
almost the only activity of the public in regard to railroads was to
foster and protect the interests of the railroad companies. In the
seventies the public gradually came to a realization of the fact that
the railroad companies were displaying a lamentable lack of regard for
the interests of the public. Persons and communities found themselves
entirely at the mercy of railroad corporations, which, by vicious
discriminations, built up and destroyed where they chose, and even
endeavored to control arbitrarily the economic future of entire groups
of states regardless of their natural advantages or the choice of their
people. And not only did the railroad companies themselves become a
source of danger, but they were instrumental in the creation and
development of great industrial combinations, which were equally
indifferent to the welfare of the general public. The transportation
problem of the United States was no longer that of providing
facilities, but of controlling and regulating the existing facilities
in such a manner that reasonable rates and services would be given to
the public which had entrusted the business of transportation to
private agencies. The demand for relief was first voiced in state
legislation. The states being powerless to regulate interstate trade,
the national government found it necessary to act, and, in 1887, the
Interstate Commerce Law was passed, having for its chief purpose the
prevention of unjust discrimination. As a regulative measure the law
proved inadequate, its most important provisions being emasculated by
court decisions, and the century ended with effective railway
regulation unaccomplished.
No less pressing than the problem of regulating railroads, over which
the internal commerce of the nation was carried on, was the question of
regulating the great industrial combinations through which a large part
of the buying and selling of the products of the country was
controlled. The unfair advantages secured by large combinations because
of their abundance of capital and the discriminating favors of
railroads enabled them often to throttle competition and to establish
monopolies that were a menace to the public. This situation likewise
called forth federal legislative measures intended to prevent the
monopolization of trade. Previous to 1900, however, but little
application of the law was made.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account