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The Hepburn Act is a 1906 United States federal law that expanded the jurisdiction of the Interstate Commerce Commission (ICC) and gave it the power to set maximum railroad rates. This led to the discontinuation of free passes to loyal shippers. [ 1 ]
The main role of the Bureau was to study and report on industry, looking especially for monopolistic practices. Its 1906 report on petroleum transportation made recommendations that became part of the Hepburn Act of 1906, and was used when the Justice Department successfully prosecuted and broke up Standard Oil in 1911.
The Hepburn Act of 1906 strengthened the Interstate Commerce Commission; prior to that, the commission had minimal resources to carry out its duties. Under the Immunity of Witnesses Act (1906) corporate officials could no longer make a plea of immunity to avoid testifying in cases which dealt with the illegal activities of their corporations. [61]
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The Heavy Press Program was a Cold War-era program of the United States Air Force to build the largest forging presses and extrusion presses in the world. These machines greatly enhanced the US defense industry's capacity to forge large complex components out of light alloys, such as magnesium and aluminum.
Railroad historians mark the 1906 Hepburn Act that gave the ICC the power to set maximum railroad rates as a damaging blow to the long-term profitability and growth of railroads. [168] After 1910 the lines faced an emerging trucking industry to compete with for freight, and automobiles and buses to compete for passenger service. [77]: 348–64
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Congress passed a minor amendment to the Act in 1903, the Elkins Act. [11] Major amendments were enacted in 1906 and 1910. The Hepburn Act of 1906 authorized the ICC to set maximum railroad rates, and extended the agency's authority to cover bridges, terminals, ferries, sleeping cars, express companies and oil pipelines. [12]