Word: railroads
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Dates: during 1980-1989
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Indeed, Government involvement grew slowly at first because most trade was carried out within individual states and therefore overseen by local and state officials. But westward expansion and the development of an extensive railroad and canal system spurred interstate markets. In 1887 Congress created the Interstate Commerce Commission, the first major federal business regulatory agency. The commission was established in part to combat price gouging by the railroads...
...challenge as the pendulum starts back in the current re-regulatory climate will be to maintain a sensible balance. Says Swartz, the railroad president: "The question should be, 'At what point do regulations become no longer instructive, and entirely counterproductive?' " The Constitution's framers, notes Richard Epstein, University of Chicago law professor, were "deeply suspicious of government." But after the experiences of the early 1980s, today's legislators will be wary of too little government as well...
Despite Wedtech, there are success stories. General Railroad Equipment and Services, Inc., a black-owned firm in East St. Louis, Ill., has doubled its sales and almost tripled its work force in four years in the SBA program. Dennis Yee, the son of Chinese immigrants who used federal funds to build Abacus Technology in Washington, hails the SBA for allowing him "to establish a top-quality, competitive consulting firm...
...drugstore and practically everything else. The Catholics and Methodists no longer have a church, but the Congregationalists and the Lutherans have hung on. Two years ago the restaurant, the Havana Cafe, went belly-up. For a while there the farmers shifted to the Standard Oil station down by the railroad -- now the Burlington Northern rather than the Great -- for morning coffee, but it got so crowded you couldn't curse a cat without getting a hair in your mouth, and finally somebody had to put their foot down. A town is not a town without a cafe, the farmers decided...
...Tammy had built at their lakeside home. Among the 1,000 bargain-hunting fans on hand at Fort Mill was a California contractor who bought the doghouse for $4,500, and then donated it back to PTL so it could be resold for $600, this time to a Pennsylvania railroad worker. Other notable transactions: $27,000 for a restored 1927 Franklin automobile, $10,500 for a 25-ft. boat. So mountainous is the miscellany that a second auction will be held on July...