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Diverging Approach: Railroad Regulation, The Staggers Act And Path Dependence, Henry Strangford Scherck

Honors Theses

Just over a hundred years prior, American railroads claimed the unprecedented feat of traversing the entirety of the North American continent. At Promontory Point, Utah, two locomotives, the Jupiter and the No. 119, met pilot to pilot in an event which was broadcast nationwide via telegraph and is still memorialized today. In the years following, the railroad industry gained unprecedented power. In the late 19th century and the opening years of the 20th, much policy-making impetus was focused on checking the power of the railroads.Public sentiment largely opposed the monolithic strength wielded by the industry, and the federal government both …