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It was the first Federal law that regulated Big Business
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Earn +20 ptsQ: What was the Interstate Commerce Act and why was it important?
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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
Who was the president that was responsible for seeing that the Interstate Commerce Act which regulated railroads was passed?
Grover Cleveland
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