In the late 1800s, the federal government sought to regulate business primarily through the Interstate Commerce Act of 1887, which aimed to regulate unfair practices in the railroad industry by establishing the Interstate Commerce Commission (ICC). Additionally, the Sherman Antitrust Act of 1890 was enacted to combat monopolies and promote competition by making it illegal to restrain trade or commerce. These efforts marked the beginning of federal intervention in economic matters to protect consumers and ensure fair competition.
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