answersLogoWhite

0

Interstate Commerce Commision

User Avatar

Era Boyer

Lvl 10
3y ago

What else can I help you with?

Continue Learning about General History

Why was the interstate commenced commission established?

The Interstate Commerce Commission (ICC) was established in 1887 to regulate the railroad industry and ensure fair rates, eliminate discriminatory practices, and oversee monopolistic behaviors. It aimed to address the public's concerns over the abuses and inefficiencies associated with the growing railroad system, which was vital for commerce and transportation. The ICC was the first federal agency created to regulate economic activity and set a precedent for future regulatory bodies.


Why was the underground railroad was used for?

I believe you mean what was the underground railroad used for. And the answer to that is, during slavery, it set people free because no slave owners knew about it and that is how slaves would escape from slavery/slave owners.


What changes did the railways bring to the time that people set their clocks and watches?

Railroad standard time. The origin of the time zones around the world.


What was the relationship between competition and monopoly in American industry during the post-civil war era?

Competition was snuffed out because of monopolies. Since people were in bad shape after the war, large companies (most likely subsidized by the government) monopolized areas. An example of this monopoly would be the railroad industry. Trains were first made to be the only source of transport. If you think about cars, the oil industry also set up a monopoly so the single source of fuel would be gasoline. Competition relates to monopoly because the act of monopolizing gets rid of competition.


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.

Related Questions

The was were set up to stop corruption in the railroad industry.?

it was the Department of Transportation


The waswere set up to stop corruption in the railroad industry.?

Interstate Commerce Commission A+


The _______ was/were set up to stop corruption in the railroad industry.?

it was the Department of Transportation


The first great industry to develope in the late 1800s and early 1900s was the?

The oil industry was the first to develop within the late 1800's and early 1900's. This set the stage for the countries that would end up with the most wealth.


Who started the railroad industry?

The railroad industry began in the early 19th century, with key figures like George Stephenson, who built the first successful steam locomotive, the Locomotion No. 1, in 1825. While railways had existed before this, it was Stephenson's innovations that helped establish the modern railroad system. The opening of the Stockton and Darlington Railway in England in 1825 is often considered the beginning of the railroad industry as we know it. This development set the stage for the rapid expansion of rail networks around the world.


What authority does the Surface Transportation Board have over the rail industry?

The STB retained authority to set maximum rates or take other actions if a railroad was found to have market dominance or to have engaged in competitive behavior. The STB is also responsible for railroad mergers, consolidations, and track age rights.


What was the subject of the Hepburn act of 1906?

The Hepburn Act of 1906 aimed to regulate the railroad industry by granting the Interstate Commerce Commission (ICC) the authority to set maximum railroad rates and establish uniform accounting methods. This legislation was part of a broader Progressive Era effort to curb the monopolistic practices of railroads and ensure fair pricing for consumers. The act also empowered the ICC to inspect railroad financial records and enforce compliance, enhancing government oversight of the industry.


What was the act that set maximum railroad rates?

Hepburn


How did the Hepburn act change the government's role industry?

The act gave the government the power to set and limit shipping costs.


How much does a railroad conductor earn in Canada?

There is no set limit to who much a railroad conductor will earn in Canada. Railroad conductors can earn as much as 80 thousand dollars a year.


What group set out to stop monopolies corruption and social problems?

The Progressive Movement, which emerged in the early 20th century, sought to address issues such as monopolies, corruption, and social problems. Progressives advocated for government intervention to regulate big business, promote social welfare programs, and combat political corruption through various reforms and policies. They believed in promoting social justice and creating a more equitable society for all.


What were Harriet Tubman's methods to get to the underground railroad?

The "underground railroad" was not one place, but a series of stops to get the slaves to the north. Each stop was only known by the person who sent the slave on to the next stop, so no one knew the entire set up. One way slaves knew that they would be leaving was through the music/songs they would sing. The songs they chose would tell them that they were leaving and when.