apr 7, 1887 - Interstate Commerce Act
Description:
The Interstate Commerce Act of 1887 was the first federal law to regulate private industry in the United States, specifically targeting railroad operations that crossed state lines. The act created the Interstate Commerce Commission (ICC), which was charged with ensuring that railroad rates were "reasonable and just," preventing discriminatory practices, and regulating other aspects of common carriers.Added to timeline:
Date:
apr 7, 1887
Now
~ 138 years ago