History Test (2/17) Flashcards
1
Q
When was Abraham Lincoln elected president?
A
1960
2
Q
What is the Interstate Commerce Act?
A
In 1887, Congress passed the Interstate Commerce Act which created the Interstate Commerce Commission, the first true federal regulatory agency. It was designed to address the issues of railroad abuse and discrimination and required the following:
Shipping rates had to be “reasonable and just”
Rates had to be published
Secret rebates were outlawed
Price discrimination against small markets was made illegal.