What was the purpose of the Interstate Commerce Act and Interstate Commerce Commission?

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History

Markus

8 November, 06:26

What was the purpose of the Interstate Commerce Act and Interstate Commerce Commission?

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Mohammad Brooks · Answer 1

The InterstateCommerceAct of 1887 is a United States federal law that was designed to regulate the railroad industry, particularly its monopolistic practices. The Act required that railroad rates be "reasonable and just," but did not empower the government to fix specific rates.