Editing Elkins Act (section)

==Subsequent legislation==
Citing the shortcomings of the Elkins Act, [[Progressive Era|Progressives]] began to call for greater regulation of railroad interests, and, in 1906, President Roosevelt signed the [[Hepburn Act]] to replace the Elkins Act. The Hepburn Act set maximum freight rates for railroads, representing the greater interests of Americans.<ref name=parsons /> The regulations of the Hepburn Act strained railroads, which saw new competition from the rise of trucks and automobiles. The [[Panic of 1907]] was, in part, a result of the turmoil of the railroad industry that resulted from the Hepburn Act.<ref>Martin, Albro (1971). Enterprise Denied: Origins of the Decline of American Railroads, 1897-1917. New York: Columbia University Press.</ref>