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United States1887Elections

Interstate Commerce Commission Established
1887

Interstate Commerce Commission Established

The Interstate Commerce Act of 1887 created the first major U.S. federal regulatory agency, establishing the government's power to regulate industry beyond laissez-faire capitalism.

The agency's original purpose was to regulate railroads to ensure fair rates, to eliminate rate discrimination, and to regulate other aspects of common carriers, including interstate bus lines and telephone companies. - summary

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