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The Interstate Commerce Act of 1887 is a United States federal law that was designed to regulate the railroad industry, particularly its monopolistic practices. [1] The Act required that railroad rates be "reasonable and just", but did not empower the government to fix specific rates.
The Interstate Commerce Commission (ICC) was a regulatory agency in the United States created by the Interstate Commerce Act of 1887.The agency's original purpose was to regulate railroads (and later trucking) to ensure fair rates, to eliminate rate discrimination, and to regulate other aspects of common carriers, including interstate bus lines and telephone companies.
The Interstate Commerce Act applied several regulations to railroad prices and established the Interstate Commerce Commission (ICC). [7] The powers of the ICC were expanded by laws such as the Elkins Act of 1903, the Hepburn Act of 1906, the Mann–Elkins Act of 1910, and the Valuation Act of 1913.
Interstate Commerce Act Cincinnati, New Orleans and Texas Pacific Railway Co. , 167 U.S. 479 (1897), also called the Queen and Crescent Case , was an important early U.S. Supreme Court case in the development of American administrative law .
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Gibbons v. Ogden, 22 U.S. (9 Wheat.) 1 (1824), was a landmark decision of the Supreme Court of the United States which held that the power to regulate interstate commerce, which is granted to the US Congress by the Commerce Clause of the US Constitution, encompasses the power to regulate navigation.
The Transportation Act, 1920, commonly known as the Esch–Cummins Act, was a United States federal law that returned railroads to private operation after World War I, with much regulation. [1] It also officially encouraged private consolidation of railroads and mandated that the Interstate Commerce Commission (ICC) ensure their profitability.
February 4 – The Interstate Commerce Act in the United States is signed into law, creating the Interstate Commerce Commission to regulate the prices for hauling freight on American railroads. March events