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It was the first Federal law that regulated Big Business
Brandy Ortiz
Wiki User
∙ 8y agoThe Interstate Commerce Act was enacted in 1887 to regulate the railroad giants across the nation. It was the first true federal regulatory agency. It regulated shipping rates, ensured that they were published and made price discrimination against small businesses illegal.
Wiki User
∙ 14y agoIt was the first Federal law that regulated Big Business
Wiki User
∙ 11y agoit was regulated by big businesses
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When was Interstate Commerce Commission created?
President Grover Cleveland signed the Interstate Commerce Act of 1887 and created the Interstate Commerce Commission (ICC), the U.S. government's first regulatory agency
What two things did the Interstate Commerce Act do?
The Interstate Commerce Act made it easier to trade between states. This was due to having no tariffs among them. This was groundbreaking because everything was taxed originally at 4 percent.
The interstate commerce act was originally intended to regulate what industry?
Its the railroad industry
Was a direct result of the Hepburn Act?
The authority of the Interstate Commerce Commission was strengthened
Is it true that the interstate commerce Act increased the federal governments power over the railroads?
yes it did
The Interstate Commerce Act was passed to?
??
Why was the Hepburn Act of 1906 important to history?
It was created to strengthen the authority of the Interstate Commerce Commission.
What is Part II of the Interstate Commerce Act?
Part II of the act extended federal authority to motor carriers engaged in interstate commerce.
What did the Interstate Commerce Act?
Railroad prices
When was Interstate Commerce Commission created?
President Grover Cleveland signed the Interstate Commerce Act of 1887 and created the Interstate Commerce Commission (ICC), the U.S. government's first regulatory agency
Who were the key participants in the interstate commerce act?
In 1887 Congress passed the Interstate Commerce Act, making the railroads the first industry subject to Federal regulation.
Which act authorized the ICC to set railroad rates and to regulate other companies engaged in interstate commerce such as pipelines and ferries?
Interstate commerce act of 1887.
What was the act that ended railroads kickbacks?
The Interstate Commerce Act
What is an example of granger law?
Interstate Commerce Act
What law passed to stop monopolies?
Clayton Act Interstate commerce act
What has the author Henry Sandwith Drinker written?
Henry Sandwith Drinker has written: 'A treatise on the Interstate commerce act, and digest of decisions construing the same' -- subject(s): Interstate commerce 'A treatise on the Interstate commerce act' -- subject(s): Interstate commerce 'The chamber music of Johannes Brahms' -- subject(s): Analysis, appreciation, Chamber music
Who supervised railroads after the Interstate Commerce Act was passed?
because
