Isaac Lippincott, Economic Development of the United States, pp. 520-549; 611-634;
F. W. Taussig, Principles of Economics, Vol. I, pp. 508-545 (Protection and Free Trade); Vol. II, pp. 363-396 (Railway Problems);
James T. Young, The New American Government and Its Work, pp. 119-140 (The Regulation of Commerce); 187-202 (Federal Power Over Interstate Commerce);
W. B. Munro, Government of the United States, pp. 246-264 (The Commerce Power);
H. R. Burch, American Economic Life, pp. 273-296;
C. R. Van Hise, Concentration and Control, pp. 4-34; 170-192;
I. L. Sharfman, The American Railroad Problem, pp. 100-186.
Group Problems
1. The problem of American railroads—government operation—the Plumb plan—the Transportation Act—what of the future? The growth of American railroads. Railroad consolidation. Development of government supervision. The Interstate Commerce Commission and its work. Why railroads were not permitted to consolidate. The government’s experience with the railroads, 1917-1920. The Adamson law. Government operation. Labor problems under government operation. The Plumb plan. Why it was not adopted. The provisions of the Transportation Act (Esch-Cummins law). Difficulties now being encountered by the railroads. Proposed consolidations. The outlook for railroad transportation. References: John Moody, The Railroad Builders, pp. 211-241; J. J. Hill, Highways of Progress, pp. 114-139; C. F. Carter, When the Railroads Were New, pp. 226-258; E. R. Johnson and F. W. Van Metre, Principles of Railroad Transportation, pp. 564-577; W. Z. Ripley, Railroads, Rates and Regulation, pp. 441-455; 457-521; Otto H. Kahn, Our Economic Problems, pp. 67-118; I. L. Sharfman, The Railroad Problem, pp. 382-464.
2. What is commerce and how is it regulated? References: The Federalist, Nos. 7, 11, 12, 22, 42; John Fiske, Critical Period of American History, pp. 134-162; C. A. Beard, Readings in American Government and Politics, pp. 343-358; Everett Kimball, National Government of the United States, pp. 480-520; O. W. Knauth, The Policy of the United States towards Industrial Monopoly, pp. 66-92; L. H. Haney, Business Organization and Combination, pp. 383-414; 419-437 (The Sherman Act); A. H. Walker, History of the Sherman Law, passim.