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Which government agency was created to regulate the railroads?
Wiki User
∙ 11y ago
Interstate Commerce Commission
Wiki User
∙ 11y ago
The Interstate Commerce Commission (ICC) was created in 1887 to regulate the railroads. Its main purpose was to oversee railroad rates and ensure fair practices in the industry. The ICC had the authority to investigate complaints, issue regulations, and enforce laws related to railroad operations.
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What agency was established to regulate rates that railroads charged across the nation?
Interstate Commerce Commission
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The industry an agency regulates controls the agency that is supposed to regulate it.
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The FDA
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The creation of the Interstate Commerce Commission in 1887 was due to?
In 1887, the first regulatory agency, the Interstate Commerce Commission, was created to regulate monopolistic pricing policies of railroads.
What did the interstate commerce commission regulate?
The Interstate Commerce Commission (ICC) regulated commercial transportation between the states: railroads, trucking, shipping, air freight; basically it regulated anything that moved goods. It originally started with the growth and development of railroads during the 19th century. The railroads in general were owned by fabulously wealthy investors, since it took a vast amount of capital to lay tracks and purchase the expensive engines and cars, the "high technology" of their day. In return for vast investments, the railroads expected vast profits, and they engaged in all sorts of unsavory tactics that were unfair to their customers. The ICC was established in 1887 following a Supreme Court decision in favor of railroads that ONLY the U.S. government could regulate interstate commerce, another blow against State's Rights. The U.S. Constitution only says the following about interstate commerce, describing the power of Congress: "To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes". Everything else that has come after is the result of legislation and court decisions.
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Federal agency originally intended to regulate railroads that was often used by rail companies to stabilize the industry and prevent ruinous competition?
I'm pretty sure it's the interstate commerce commission "ICC"
