What governmental body was established to regulate interstate commerce?

What governmental body was established to regulate interstate commerce?

• A. Federal Trade Commission
• B. Interstate Commerce Commission
• C. Department of Transportation
• D. National Highway Traffic Safety Administration

Answer: (B)

The Interstate Commerce Commission (ICC) was established to regulate interstate commerce, which includes the transportation of goods and services across state lines. Created in 1887, the ICC was tasked with monitoring and regulating the railroads to ensure fair rates and practices in the industry, as well as preventing monopolistic practices. Over time, its authority was expanded to include other modes of transportation, such as trucking and shipping, highlighting the importance of ensuring fair competition in the transportation sector. The ICC played a crucial role in shaping transportation regulation in the U.S. until it was dissolved in 1995, with its functions transferred to other agencies, reflecting its historic significance in maintaining the integrity and efficiency of interstate commerce.

The Interstate Commerce Commission (ICC) was established to regulate interstate commerce, which includes the transportation of goods and services across state lines. Created in 1887, the ICC was tasked with monitoring and regulating the railroads to ensure fair rates and practices in the industry, as well as preventing monopolistic practices. Over time, its authority was expanded to include other modes of transportation, such as trucking and shipping, highlighting the importance of ensuring fair competition in the transportation sector. The ICC played a crucial role in shaping transportation regulation in the U.S. until it was dissolved in 1995, with its functions transferred to other agencies, reflecting its historic significance in maintaining the integrity and efficiency of interstate commerce.