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2 years ago

How did the Elkins Act hurt corporations?

History

2 answers:

o-na [289]2 years ago

6 0

Answer:

Explanation:

The Elkins Act (1903) is a federal law of The United States that amended the Interstate Commerce Act of 1887. The Act targeted rebates offered to certain companies for shipping their products while farmers and small businesses paid full price for shipping their goods. The Elkins Act made unlawful railroad rebates or discounts. This needed everyone to pay the same rate to use the rail lines to reduce transportation cost inequalities and unbalanced care. The high prices put smaller companies and farmers out of business while larger firms delivered cheaper.

ch4aika [34]2 years ago

3 0

True to some extent
the act killed the act of giving rebates to specific companies and those who received or gave rebates were subject to heavy fines which implied that this act was curtailed meaning that competition was encouraged.

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