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The Interstate Commerce Act regulated the railroad industry. It was passed in 1887 and aimed to regulate railroad rates and practices that were deemed unfair and discriminatory towards small businesses and farmers. It was one of the first major federal regulations on a private industry.
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What was the first industry to be regulated by the government?
In the United States, the first industry to be regulated by the government was the railroad industry. This was done through the Interstate Commerce Act of 1887.
Why is the passage of the interstate commerce act considered a turning-point in american history?
it was the first time the U.S government regulated an industry's prices.
The interstate commerce act was originally intended to regulate what industry?
Its the railroad industry
Who were the key participants in the interstate commerce act?
In 1887 Congress passed the Interstate Commerce Act, making the railroads the first industry subject to Federal regulation.
What Act was an attempt to restrict a monopoly of the US oil industry?
Interstate commerce act
Who was the president that was responsible for seeing that the Interstate Commerce Act which regulated railroads was passed?
Grover Cleveland
What two acts regulated shipping rates within the railroad industry?
The Interstate Commerce Act of 1887 and the Hepburn Act of 1906 regulated shipping rates within the railroad industry in the United States. These acts aimed to prevent unfair practices and discrimination in rail transportation, as well as to promote fair and reasonable rates.
What was the Interstate Commerce Act and why was it important?
It was the first Federal law that regulated Big Business
What government act was put in place to regulate railroad activity between states?
The Interstate Commerce Act of 1887 is a federal law regulating the railroad industry. It was meant to eliminate the monopoly that railroad companies had on transportation of people and goods.
The Interstate Commerce Act was passed to?
??
True or false the interstate commerce act was originally intended to regulate the automobile industry?
false.. it was the chicken eating jungle monkeys who established the industry
The Mann-Elkins Act was passed to regulate?
Railroads and communications. It strengthened the (very weak and ineffective) Interstate Commerce Act of 1887 and the Elkins Act of 1903 and the Hepburn Act of 1906 which also regulated railroads.
