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The Interstate Commerce Commission and the Railroad Industry: A History of Regulatory Policy
The Interstate Commerce Commission and the Railroad Industry: A History of Regulatory Policy
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The Interstate Commerce Commission and the Railroad Industry: A History of Regulatory Policy

by Richard D. Stone. 218 pgs.

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publication details

Contributors:

   Richard D. Stone

Publisher:

   Praeger Publishers

Place of Publication:

  New York  

Publication Year:

  1991
Subjects:   United States--Interstate Commerce Commission--History, Railroad Law--United States--History, Railroads And State--United States--History
Table of contents
CONTENTS
ACKNOWLEDGMENTS ix
INTRODUCTION xi
1. THE ERA OF NEGATIVE REGULATION: FROM THE BEGINNING TO 1920 1
Before Federal Regulation: The 1830s to 1886 2
The Earliest Federal Regulation: 1887 to 1902 5
Strengthening the ICC: 1903 to 1918 10
Federal Control of the Railroads: 1918 to 1920 17
2. THE ERA OF POSITIVE REGULATION: 1920 TO 1976 31
The Roaring Twenties 31
The Great Depression and World War II 36
The Postwar Period 44
3. THE WATERSHED YEAR: 1976 65
The Economic, Political, and Social Environment 66
The ICC in 1976 73
The 4R Act 76
The Presidential Campaign of 1976 78
4. MOVING TOWARD RAIL FREEDOM: 1977 TO 1980 85
The Aftermath of the 4R Act: The Dominance of Market Dominance 85
Legalization of Contract Rates: November 1978 88
Deregulation of Produce: December 1978 89
The General Rate Policy 90
The Antitrust Exemption Policy 93
The Policy on Mergers 94
The Policy on Abandonments 96
Policies on Car Service Rules and Incentive per Diem 98
Procedural, Organizational, and Philosophical Changes 100
5. THE STAGGERS ACT AND ITS IMPACT 113
The Political Background of the Staggers Act 113
The Philosophy and Provisions of the Staggers Act 116
The General Rate Policy 118
The Antitrust Exemption Policy 122
Revenue Adequacy Determination 123
Decisions on Joint Rates and Surcharges 125
Policies on Abandonments and Mergers 129
The Deregulation of TOFC 135
ICC Organization and Philosophy 137
6. RECENT EVENTS 153
The Deregulation of Boxcar Traffic 153
The Intermodal Ownership Policy 156
Deregulation of Trackage Rights 159
Deregulation of Export Coal 159
Policies on Contract Rates 160
Changes at the ICC 164
Proposals to Increase Rail Regulation 169
Proposals to Sunset the ICC 174
7. OBSERVATIONS AND CONCLUSIONS 187
SELECTED BIBLIOGRAPHY 195
INDEX 211
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