Respuesta :
Answer:
B-
It was the first time the federal government regulated a private industry.
Explanation:
A quick online search does wonders.
The Interstate Commerce Act of 1887 significant it was the first time the federal government regulated a private industry ( B ).
What is the Interstate Commerce Act of 1887 ?
- The Interstate Commerce Act of 1887 is a United States federal law that was designed to regulate the railroad industry, particularly its monopolistic practices.
- The Act required that railroad rates be "reasonable and just," but did not empower the government to fix specific rates.
- It also required that railroads publicize shipping rates and prohibited short haul or long haul fare discrimination, a form of price discrimination against smaller markets, particularly farmers in Western or Southern Territory compared to the Official Eastern states.
- The Act created a federal regulatory agency, the Interstate Commerce Commission (ICC), which it charged with monitoring railroads to ensure that they complied with the new regulations.
Hence, Due to the Interstate Commerce Act of 1887, the federal government began to regulate a private sector for the first time.
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