The Interstate Commerce Act The Government Takes Control of Trade Between the States |
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| Author:
| Cefrey, Holly |
| Series title: | America's Industrial Society in the 19th Century Ser. |
| ISBN: | 978-0-8239-4027-1 |
| Publication Date: | Dec 2003 |
| Publisher: | Rosen Publishing Group
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| Imprint: | Rosen Reference |
| Book Format: | Hardback |
| List Price: | USD $29.13 |
Book Description:
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In the years following the Civil War, railroads were privately owned and entirely unregulated. As the railroad industry grew and became more important to the growth of our young nation, the public demanded that these same railroads be regulated by the government. Since these railroads were the only fast transportation in the areas in which they ran, the companies held natural monopolies. In 1887, Congress passed the Interstate Commerce Act, making the railroads the first industry...
More DescriptionIn the years following the Civil War, railroads were privately owned and entirely unregulated. As the railroad industry grew and became more important to the growth of our young nation, the public demanded that these same railroads be regulated by the government. Since these railroads were the only fast transportation in the areas in which they ran, the companies held natural monopolies. In 1887, Congress passed the Interstate Commerce Act, making the railroads the first industry subject to federal regulation.