Agreements between railroad corporations to divide the business in a given area and share the profits were called

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Railroad corporations formed pools to prevent competition and ensure maximum profits by dividing the business in a given area and sharing the profits. Through pooling agreements, companies could stabilize rates, maintain control over the market, and avoid price wars. Pools were widely used in the late 19th century, but they were eventually outlawed by the Interstate Commerce Act of 1887.

Agreements Between Railroad Corporations to Divide the Business in a Given