Republican (proto-fascist/socialist) President Theodore “Robber Baron” Roosevelt—without a constitutional amendment—signs the Condemnation Act of 1906, expanding the federal powers of eminent domain to the benefit of private interests.

       [restored 5/3/2021] Thanks to Freedom’s Phoenix for this entry.

       Republican President Theodore “Robber Baron” Roosevelt—without a constitutional amendment—signs the Hepburn Act, giving the Interstate Commerce Commission the power, under the Elkins Anti-Rebate Act, to prohibit railroads from offering discounted rates to the best customers, and expanding ICC authority include cover bridges, terminals, ferries, and pipelines.

       Postscript: In the nine months after the Hepburn Act went into effect a depression hit the rail industry, and the value of common stocks overall lost almost eight percent of their value.

       [restored 5/3/2021]