Unformatted text preview: according to a prearranged scheme that placed the total earnings in a common fund for distribution. Popular resentment at these practices stimulated state efforts at regulation, but the problem was national in character. Shippers demanded congressional action. In 1887 President Grover Cleveland signed the Interstate Commerce Act, which forbade excessive charges, pools, rebates, and rate discrimination. It created an Interstate Commerce Commission (ICC) to oversee the act, but gave it little enforcement power. In the first decades of its existence, virtually all the ICC's efforts at regulation and rate reductions failed to pass judicial review....
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- Fall '10
- ICC, cheaper freight rates, small shippers. Freight, rail connections. Rates, rebating