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The Interstate Commerce Act of 1887 marked a significant shift in the relationship between the federal government and private businesses by establishing federal regulation of the railroad industry, which had previously operated with minimal oversight. This act aimed to address issues like unfair pricing and discrimination, reflecting a growing recognition of the need for government intervention to ensure fair competition and protect consumers. It set a precedent for future federal regulations in various industries, signaling a move towards greater governmental authority in the economy. Ultimately, the act highlighted the evolving role of the government in balancing private enterprise with public interest.

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3d ago

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