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Tag Archives: ASME

Atlantic Coast Line Steam Locomotive 1504

In 1906, the Interstate Commerce Commission (ICC) was empowered by congress to set maximum shipping rates, in an effort to curb what the public (or rather, the shippers) considered price gouging. The reality is this was a period of economic inflation, and, hamstrung,¬†railroads had a tough time meeting rising costs. By late 1915, 1/6th of […]