Interstate Commerce Act

The Interstate Commerce Act, enacted in 1887, was a U.S. law that aimed to regulate the railroad industry and address issues related to monopolistic practices. It established the Interstate Commerce Commission (ICC) to oversee railroad rates and ensure they were reasonable and fair, preventing companies from exploiting consumers. The Act marked the first time the federal government intervened in private industry to promote competition and protect public interest. Over time, its principles expanded beyond railroads to include other transportation and commerce sectors, shaping the landscape of U.S. economic regulation.