In the 1870s, excess capacity in the railroad industry led to

Name: In the 1870s, excess capacity in the railroad industry led to
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In the 1870s, the railroad industry experienced excess capacity, which led to various competitive practices including rate wars, the formation of regional federations to pool traffic or profits, price-fixing, and hidden rate-cutting through rebates. These strategies were employed by railroad companies to manage the overcapacity and maintain or increase their market share.

In the 1870s, Excess Capacity in the Railroad Industry Led