jan 16, 1904 - Elkins Act

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The Elkins Act was passed by the U.S. Congress in 1903 in response to public demands for stronger regulation of the railroad industry. The act aimed to curb the practice of rebates, which were preferential pricing schemes that railroads offered to favored shippers, thereby ensuring fair competition by making it illegal for railroads to give rebates and for shippers to accept them.

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