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mar 26, 1920 - Esch-Cummins Transportation Act (Mar. 1920)

Description:

Congress passes Esch-Cummins Transportation Act (1920) - encouraged private consolidation of RR, pledged ICC to guarantee profitability; Wash returned RR to private mgmt (1920); Reformers hoped wartime gov’t operation → permanent nationalization; Ran against populist beliefs of 1880s/90s

Added to timeline:

20 Jan 2019
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Date:

mar 26, 1920
Now
~ 105 years ago