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Chicago drowning in trains
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Because they were dead, had moved on to something else, had forgotten about railroads completely, or had shifted around to the other side of the field. Technological, geographic, and economic change had rendered the entire issue of 1880 completely moot by 1980. <br /> <br />Regulation benefited small shippers such as farmers, coal dealers, lumberyards, grocers, etc. It harmed large shippers. Many of these small businesses, such as coal dealers, were dead, wiped out by technological change -- homes had converted to natural gas or electric heat. Others, such as grocers and other consumer-goods retailers, had leveraged up through mergers and acquisitions, and regulation now did them a positive disservice -- they wanted the lower rates to which they were entitled by their larger market power. Still others, such as the preponderance of manufacturers and farmers, had converted to truck for all the short-haul moves and a lot of of the long-haul moves too, and they didn't even know what a railroad was anymore. They had left the stadium completely. <br /> <br />OS
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