HST112 Midterm #2

HST112 Midterm #2 - Joe Littman History 112 Professor...

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Joe Littman History 112 Professor Jackson 17 October 2010 Question 2 The railroads became more then just an industry in the late 1800s - they became a person as they began to directly affect legislation and choose which companies would gain a competitive edge through price discrimination. The railroads facilitated the growth of an industry. Through the favorite game played by the railroads certain companies within industries, the oil industry in Cleveland specifically, were enabled to prosper and grow at a rate much higher then the one enjoyed by their competitors. In “The Heart of the Railroad Problem” Frank Parsons listed several reasons behind the railroads’ discrimination: “(1) to keep business from going to a competing line; (2) to increase revenue by creating new business for which…rates may be dropped very low, as anything above the cost of handling on new business will add to income; (3) to simplify and solidify traffic; (4) to favor persons who…have a “pull” with
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This note was uploaded on 12/28/2011 for the course HST 112 taught by Professor Winkler during the Fall '08 term at Miami University.

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HST112 Midterm #2 - Joe Littman History 112 Professor...

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