Farmers Alliance

Interstate Commerce Act: First Federal Regulatory Response to Corporate Monopoly

1887-02-04 00:00:00 +0000 UTC | Importance: 8/10

On February 4, 1887, President Grover Cleveland approved the Interstate Commerce Act, creating the Interstate Commerce Commission (ICC) to oversee railroad industry conduct. This landmark legislation made railroads the first industry subject to federal regulation in American history, responding to …

U.S. Congress Interstate Commerce Commission Granger Movement Railroad Industry Farmers Alliance regulatory-framework democratic-resistance institutional-accountability corporate-regulation