The Erdman Act Prohibited Discrimination Against Railroad Employees Based on Union

question 34

True/False

The Erdman Act prohibited discrimination against railroad employees based on union membership.

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Definitions:

Profits

The financial gain obtained when the revenue generated from business activities exceeds the expenses, costs, and taxes needed to sustain the activity.

Deregulation

The removal or reduction of government restrictions and regulations in an industry to encourage increased competition.

Reduced Prices

The offering of goods and services at lower rates than originally marked, often to clear inventory or boost sales.

Competition

The economic rivalry among businesses to attract customers, increase sales, and achieve a higher market share.