QQuestionBusiness Law
QuestionBusiness Law
What was the main purpose of the Interstate Commerce Act of 1887?
A. To ensure the spread of manufacturing across the frontier.
B. To remove import taxes for goods shipped from one state to another.
C. To protect American agriculture and industry from foreign competition.
D. To prevent railroads from charging farmers and merchants high shipping rates.
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Answer
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Step 1I'll solve this problem by providing a clear, step-by-step explanation of the Interstate Commerce Act of 1887.
Step 2: Understand the Historical Context
The late 19th century was a period of rapid railroad expansion in the United States. Railroads were critical to economic development, but they often engaged in discriminatory pricing and monopolistic practices that hurt small businesses and farmers.
Final Answer
To prevent railroads from charging farmers and merchants high shipping rates. The Interstate Commerce Act of 1887 was a landmark piece of legislation that aimed to regulate railroad monopolies and protect smaller economic actors from exploitative shipping rates by creating federal oversight of interstate commerce.
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