Re: Shipping Coal - How Far?
Jimtoggle quoted messageShow quoted text
I don't know if that question is the right question, but I do recall
when I read Theodore Rex (story of Teddy Roosevelt's terms as President)
that the "coal trust" was one of the monopolistic trusts (or cartels)
that inspired the creation of the ICC and anti-trust legislation in the
early 20th century. Northern Securities (a big railroad trust) was another.
So yes, at the turn of the century - 1900 - there would have been lots of
"price fixing" going on, not to mention price gouging by railroads whenever
they could get away with it - That is, whenever coal companies and railroads
weren't owned by the same people.
But in general, I don't think coal prices per se were regulated once strong
anti-trust and anti-monopoly (i.e. pro-competition) regulations were in place.
Rail freight tariffs on the other hand, were strictly regulated until 1980!
Thanks to ALL for your answers. I learned more than I thought