asked 41.3k views
5 votes
What is the Interstate Commerce Act in 1887

asked
User Vlood
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2 Answers

1 vote

Answer: A federal law that was designed to regulate the railroad industry, Act required railroad rates be "reasonable and just"

Explanation: Hope this helps :)

answered
User Mikael Lindqvist
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8.7k points
4 votes
the first industry to be regulated by the federal government. After the Civil War, railroads were privately owned and entirely unregulated, creating a natural monopoly with the power to set prices and control the market.
answered
User Dzianis Roi
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8.1k points
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