WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
SECOND INDUSTRIAL REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Sherman Anti-Trust Act
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Interstate Commerce Commision
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Railway Regulation Firm
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Clayton Anti-Trust Act
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Detailed explanation-1: -On February 4, 1887, both the Senate and House passed the Interstate Commerce Act, which applied the Constitution’s “Commerce Clause”-granting Congress the power “to Regulate Commerce with foreign Nations, and among the several States”-to regulating railroad rates.
Detailed explanation-2: -Approved on February 4, 1887, the Interstate Commerce Act created an Interstate Commerce Commission to oversee the conduct of the railroad industry. With this act, the railroads became the first industry subject to Federal regulation.
Detailed explanation-3: -The ICC, the first regulatory commission in U.S. history, was established as a result of mounting public indignation in the 1880s against railroad malpractices and abuses. The ICC’s jurisdiction was gradually extended beyond railroads to all common carriers except airplanes by 1940.