The Interstate Commerce Act of 1887 is a United States federal law that was designed to regulate the railroad industry, particularly its monopolistic practices.[1] The Act required that railroad rates be "reasonable and just," but did not empower the government to fix specific rates. It also required that railroads publicize shipping rates and prohibited short haul or long haul fare discrimination, a form of price discrimination against smaller markets, particularly farmers in Western or Southern Territory compared to the official Eastern states.[2][3] The Act created a federal regulatory agency, the Interstate Commerce Commission (ICC), which it charged with monitoring railroads to ensure that they complied with the new regulations.
With the passage of the Act, the railroad industry became the first industry subject to federal regulation by a regulatory body.[4] It was later amended to regulate other modes of transportation and commerce.
^Potter, David. M. (1947). "Discriminatory Freight Rates: Implications of the Interstate Commerce Commission's Regulatory Powers" The University of Chicago Law Review, 15(1), Article 8. Accessed 2017-03-28.
^Editors, Law Review. (1947). "The Historical Development of Easter-Southern Freight Rate Relationships" Law and Contemporary Problems, 12(1). Accessed 2017-03-28.
^U.S. National Archives and Records Administration. Washington, D.C. "Our Documents: Interstate Commerce Act (1887)." Accessed 2010-10-19.
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