Answered

What did the Interstate Commerce Act of 1887 regulate or oversee?


AIt established worker safety standards in all American factories.
BIt allowed the federal government to regulate the trade of private corporations across different states.
CIt created the Federal Trade Commission to oversee business practices.
DIt allowed railroads to set their own prices without government interference.

Verified Answer :

Final answer:

The Interstate Commerce Act of 1887 regulated the railroad industry and allowed the federal government to oversee the trade of private corporations, making sure practices were fair and justified. It established the Interstate Commerce Commission to prevent unfair pricing practices by railroads. This Act was the first federal law to regulate private industry in the United States.


Explanation:

Interstate Commerce Act of 1887

The Interstate Commerce Act of 1887 was a significant piece of legislation in the United States aimed at regulating the railroad industry and ensuring fair trade practices across state lines.

Its primary function was to allow the federal government to regulate the trade of private corporations engaging in interstate commerce, particularly railroads, which had often set monopolistic prices for shipping goods.

The Act established the first federal regulatory agency, the Interstate Commerce Commission (ICC), to oversee railway rates and practices, promoting fair competition and preventing discrimination against smaller shippers.

For contrast, several of the other options provided in the question are incorrect:

  • It did not establish worker safety standards in factories.
  • It did not create the Federal Trade Commission; that was established later in 1914.
  • It did not permit railroads to set their own prices without oversight.

Learn more about Interstate Commerce Act here:

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