Surface Transportation Board (STB), which reviews mergers and acquisitions, rail line abandonments and railroad corporate filings. Cite this article Pick a style below, and copy the text for your bibliography. https://www.encyclopedia.com/history/encyclopedias-almanacs-transcripts-and-maps/interstate-commerce-act-1887, "Interstate Commerce Act of 1887 Galambos, Louis, and Joseph Pratt. See regulatory agency. By the 1970s and 1980s, railroads were enjoying freedom they hadn't known since the Gilded Age of the 1870s. Since 1887, some state and other federal agencies adopted this structure. Please refer to the appropriate style manual or other sources if you have any questions. Congress passed the law largely in response to public demand that railroad operations be regulated. (April 27, 2023). Gale Encyclopedia of U.S. Economic History. This site is using cookies under cookie policy . . a. The Interstate Commerce Commission (ICC) formerly regulated the economics and services of specified carriers engaged in transportation between states from 1887 to 1995. [17] Congress repudiated Ripley's Plan with the Transportation Act of 1940, and the consolidation idea was scrapped.[18]. Gale Encyclopedia of U.S. Economic History. https://www.britannica.com/topic/Interstate-Commerce-Commission, Fact Monster - Interstate Commerce Commission. The limitation on railroad rates in 1906-07 depreciated the value of railroad securities, a factor in causing the panic of 1907. . induced Congress to enact the Interstate Commerce Act in 1887. The interstate commerce commission was established in 1887 to - Brainly In both examples, the burden on interstate commerce must not be so great as to outweigh either a states greater interest or its implied powers of regulation in the absence of congressional legislation. //Interstate Commerce Commission Act | Encyclopedia.com Various sections of the Interstate Commerce Act banned "personal discrimination" and required shipping rates to be "just and reasonable. d. low tariffs. Illinois passed regulatory legislation first, and states across the South and Midwest quickly followed suit. Bureau of Statistics, 1 online resource (vii, 269 pages) : illustrations, plates. the split of Korea into a communist country and a capitalist country While economic forms of regulation were declining in the 1970s, a new type of social regulation began to emerge, aimed at protecting health, safety, and the environment. The act also empowered the ICC to override state regulatory statutes that fixed rate levels lower for intrastate carriers than they were for interstate carriers; Congress viewed such state regulations as discriminatory and, therefore, harmful to interstate commerce. In 1887, Congress passed the Interstate Commerce Act, making the railroads the first industry subject to federal regulation. It was expanded to deal with trucks, ships, freight forwarders, and other interstate carriers. indent new paragraphs. Interstate Commerce Commission activities, 1887-1937 / prepared in the Bureau of Statistics, with the cooperation of the other bureaus of the Commission. Most online reference entries and articles do not have page numbers. government in the 1880s: the Interstate Commerce Act (1887), which established the Interstate Commerce Commission, the first regulatory agency in the United States, and the Dawes General Allotment Act (1887), which redistributed Native American reservation land to individual tribe members. Charging different rates for a similar service was declared illegal. In the 1930s, President Franklin D. Roosevelts New Deal expanded the jurisdiction of these agencies and added new ones, but their sweeping authorities began to raise concerns that Congresss apparent delegation of legislative powers to federal agencies might be unconstitutional. 2023 . Interstate Commerce | Encyclopedia.com
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