1 Jan 1906 Jahr - Hepburn Act

Beschreibung:

Square deal: Theodore Roosevelt’s 1904 campaign platform, calling for regulation of corporations and protection of consumers and the environment.

Hepburn Act: A 1906 antitrust law that empowered the federal Interstate Commerce Commission to set railroad shipment rates wherever it believed that railroads were unfairly colluding to set prices

That year, calling for every American to get what he called a Square Deal — corporate regulation and consumer and environmental protection — Roosevelt handily defeated Democratic candidate Alton B. Parker. Now president in his own right, Roosevelt stepped up his attack on trusts. He regarded large-scale enterprise as the natural tendency of modern industry, but he hoped to identify and punish “malefactors of great wealth” who abused their power. After much wrangling in Congress, Roosevelt won a major victory with passage of the Hepburn Act (1906), which strengthened the Interstate Commerce Commission, authorizing it to set shipping rates when it found evidence of railroad collusion to fix prices.

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