Railroad Regulation Quotes
Writing about the railroad magnates and monopolists of his day:
The railroad monopolies had been abusing their workers for years and this strike brought most of the railroads to a standstill. Since the public and much economic activity depended on the railroad, the Railroad managers tried to get the government to use the U. S. Army to break the strike rather than negotiate in good faith with the railroad labor unions.
The first part of this quotation has defined the attitude of most Americans towards private enterprise and government since then. The second part of the quotation—the undesirability of public ownership of railroads has given way to the modern problem that no passenger railroad can be operated profitably by anyone—private or public. So Roosevelt’s “far-reaching disaster” was finally complete with the Federal Government taking over responsibility for Amtrack.
the administration’s plan to regulate the industry Taft was actually the Secretary of War when he gave this speech. However, President Theodore Roosevelt used him as his “Assistant President” to run things in his absence and help with policy making and implementing major reforms. The President had decided to aggressively push for railroad regulation to end the rate rebate abuses that were used to support the monopolies like Standard oil. He had initiated the campaign by personally speaking to the Railroad Owners and Corporate Magnates—{640489}. Then he dispatched Taft to address the Railroad Executives of the Nation. This led to the first American regulation of the Railroads.