Questions: This act gave the railroads the ability to compete with one another again allowing them to become profitable once more.

This act gave the railroads the ability to compete with one another again allowing them to become profitable once more.
Transcript text: This act gave the railroads the ability to compete with one another again allowing them to become profitable once more.
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Solution

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Answer

The answer is the Staggers Rail Act of 1980.

Explanation
Option 1: Staggers Rail Act of 1980

The Staggers Rail Act of 1980 significantly deregulated the American railroad industry. It allowed railroads to set their own rates and enter into contracts with shippers without extensive government oversight. This act enabled railroads to compete more effectively, improve efficiency, and become profitable again.

Option 2: Interstate Commerce Act of 1887

The Interstate Commerce Act of 1887 was the first federal law to regulate the railroads, primarily to ensure fair rates and to eliminate rate discrimination. However, it did not give railroads the ability to compete with one another; rather, it imposed regulations to control their operations.

Option 3: Hepburn Act of 1906

The Hepburn Act of 1906 strengthened federal regulation of railroads by giving the Interstate Commerce Commission (ICC) the power to set maximum railroad rates and extend its jurisdiction. This act increased regulation rather than promoting competition.

Option 4: Transportation Act of 1920

The Transportation Act of 1920 aimed to address the financial difficulties of railroads post-World War I by providing federal control and financial assistance. It did not focus on deregulation or enhancing competition among railroads.

In conclusion, the Staggers Rail Act of 1980 is the legislation that allowed railroads to compete with one another again, leading to increased profitability.

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