Question

How did the Elkins Act hurt corporations

Answer 1

Answer:

The Elkins Act hurt corporations because it ultimately cost them more money. Without the rebates they were used to receiving, companies had to pay. The Elkins Act is a federal law put into place in 1903 that required the Interstate Commerce Commission to impose steep fines on railroad companies offering rebates and any shipping companies that accepted the rebates. The Elkins Act amended the previous Interstate Commerce Act of 1887, which stressed reasonable and just practices concerning the rates imposed by railroad companies with a monopoly in the industry.