What was thr significance of the interstate commerce commission?

Answer 1

near the late 1800s, railroad companies were charging passengers high prices to travel on their trains. These were usually farmers, small business owners etc. However, passengers who worked for the big companies that were affiliates with the railroad companies were charged less to ride the trains. So, the people who were paying the higher prices complained the government. The government then created the Interstate commerce Act, which would prevent these railroad companies to stop gorging the prices and make all prices fair. Also, railroad companies had to come up with a fair and standard price to travel on trains. The prices also had to be visible to the paying customers. To make sure that those standards were being followed, the government came up with the I.C.C. or Interstate Commerce Commission

Answer 2

it was the first government body to monitor business operations