l government regulation to the airline industry.
This early government regulation covered every facet of the industry. It was brought about primarily at the behest of 4the industry, who brought their problems to the attention of Hoover. The industry wanted protection against over competi tion, so that, with protected markets, they could develop the industry and the individual companies. They got, also, regula tion in the areas of service and safety. Nevertheless, regula tion proved to be good for the young industry. It provided the stable framework, within which the industry developed and thrived.
The severe economic recession of the 1930s caused many airline companies to fail even in the protected environment. The severity of the depression was more than even regulated route structures and fare schedules could overcome [5: 236 246]. During the 1930s, again primarily at the behest of the then operating airline companies, government regulation was strengthened in the
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