Regulation of U.S. Airline Industry

The positive military experiences with aviation in the First World War carried over into the postwar period in the form of an ever increasing interest in general aviation. There was also a strong interest in the potential for the commercial development of aviation. In the early1920s, however, aviation development occurred primarily in the forms of stunts and demonstrations. Stunts occurred in the form of longdistance (by the standards of the day) flights, speed (again, by the standards of the day) trials, and aerobatics, as a means of exhibiting the capabilities of aviation. Demonstrations occurred in the form of barnstorming flights by celebrities between major cities, and in the form of providing opportunities for individuals in almost every small town in the country to experience a short flight for a relatively large (one again, by the standards of the day) fee. These demonstrations provided aircraft owners with an opportunity to

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s, a variety of events ranging from the Viet Nam War to the Watergate Scandal had cascaded into a loss of confidence in federal government across all segments of the political spectrum (Weissberg, 1990). In the economic arena, high rates of inflation, economic stagnation, oil shocks, and other misfortunes had caused the federal government's management of the economy to be perceived by many citizens as a failure (Weissberg, 1990). In the midst of the political and economic turmoil which characterized the United States in the 1970s, a momentum for regulatory reform was building. With respect to the airline industry, a momentum for deregulation was building in the face of resistance to such a policy initiative by most of the minor and some of the major American airline companies (Meyer and Oster, 1981). The appointment by President Ford of John Robson as CAB chairman in 1975 proved to be a turningpoint in the move toward regulatory reform in the airline industry, although Robson was to remain in that position for less than two years, as President Ford was defeated in the 1976 general election. While professing neither support for or opposition to deregulation, Robson was willing to experiment with the introduction of laissez
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Some common words found in the essay are:
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Approximate Word count = 3871
Approximate Pages = 15 (250 words per page)

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