In Gibbons v. Ogden, (1824), the US Supreme Court held that Congress has authority to regulate interstate commerce, or business between the states, under Article I, Section 8, the Commerce Clause. The Court interpreted "interstate commerce" broadly to include most state actions that impact other states' and the national economy.
Case Citation:
Gibbons v. Ogden, 22 US 1 (1824)
Gibbons vs. Ogden (1824)
federal
Federal
Interstate Commerce
No. Gibbons v. Ogden, 22 U.S. 1 (1824) is the early landmark case that established the federal government's supremacy over interstate commerce. Marbury v. Madison, 5 U.S. (Cranch 1) 137 (1803) affirmed the Supreme Court's right of judicial review over acts and legislation created by the Legislative and Executive branches.
Gibbons v. Ogden
For an interesting (if lengthy) discussion of the Commerce Clause of the US Constitution and the Supreme Court's view and interpretation of it, refer to the below link, where you can read it and draw your own conclusions.
the Federal Government. A fundamental Interstate Commerce Clause issue
The federal government can exercise control over interstate trade.
granted the federal government control over interstate commerce.
It established a monopoly on the production of silk.
gain more control over business
One of the ways in which the federal government tried to regulate business in the late 1800's was by the Interstate Commerce Act. The Interstate Commerce act stopped the railroads from price gouging. The second way is the by the Sherman Act. The Sherman Act prevented price fixing and monopolies.
They regulate and control the function over which they were specifically set up to control. (e.g.: The Interstate Commerce Commission regulates the flow of trade among the states).
The Interstate Commerce Act of 1887 made using rebates to control prices illegal. This act was put into place largely to control the railroad industry.