Prior to 1920 a railroad could file any schedule it saw fit not in excess of the maximum rate fixed by the Interstate Commerce Commission. and. after 30 days. it went into effect. Since then the minimum rate has been the maximum rate. thus eliminating all competition. resulting in the greatest era of prosperity for the railroads in their history. Formerly at times a million immigrants came to our shores from Europe in a single year. most of whom belonged to the laboring class. Today the European quotas are limited by law to some 150.000 annually. Of course. this legislation has limited competition in the field of labor.
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