Railroad rates refer to the fees charged for transportation of goods or passengers by rail. These rates are set by the railroad companies and can impact the cost of trade and travel.
Related terms
Interstate Commerce Act: This law was enacted in 1887 to regulate interstate commerce, including railroad rates. It aimed to prevent unfair practices and ensure reasonable rates.
Granger Laws: These were state laws passed in the late 19th century that sought to regulate railroad rates within individual states. They were part of a broader movement advocating for government control over railroads.
Sherman Antitrust Act: Although not specifically focused on regulating railroad rates, this federal law passed in 1890 aimed to prevent monopolistic practices and promote fair competition in various industries, including railroads.