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Railroads and Regulation: 1877-1916 (Paperback)

~ (Author)

5.0 out of 5 stars See all reviews (1 customer review)

Price:	$21.95 & eligible for FREE Super Saver Shipping on orders over $25. Details
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Hardcover, Import Available from these sellers. Published December 31, 1964	Hardcover, Import	--	--	$28.00
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Product Details

Paperback: 288 pages
Publisher: W. W. Norton & Company; Second Printing edition (September 1, 1970)
Language: English
ISBN-10: 0393005313
ISBN-13: 978-0393005318
Product Dimensions: 7.9 x 5 x 0.9 inches
Shipping Weight: 11.2 ounces (View shipping rates and policies)

Average Customer Review: 5.0 out of 5 stars See all reviews (1 customer review)

Amazon.com Sales Rank: #989,255 in Books (See Bestsellers in Books)

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5.0 out of 5 stars Revisionist history of railroad regulation., April 11, 2008

By	Nancy Brockway (Boston, MA USA) - See all my reviews (REAL NAME)

This review is from: Railroads and Regulation, 1877-1916 (Hardcover)

Gabriel Kolko, a left-leaning historian, wrote his Ph.D. thesis to identify the forces that brought railroads under regulation at the end of the 19th century. Surprise, surprise, it was the railroad barons themselves who eventually sought regulation (and thereby brought it about). Kolko recounts the customer protests against high rates, especially for short-haul service, and the cycles of boom and bust, when competition caused railroads to overbuild, and then underprice their services. The railroad industry eventually sought regulation as a means of dividing up the market and ending ruinous competition. This is a great read, and debunks the common view that Teddy Roosevelt and the progressives, acting at the urging of angry farmers and other customers, forced government to assert regulatory control over the railroads. Readers will want to read McDonald's biography of Samuel Insull, and various biographies of Theodore N. Vail, who pulled off the same transformations in the electric and telecommunications industries, respectively, around the same time.

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