Which of the following describes the role of the Interstate Commerce Commission with regard to regulating railroads? A) They determined the rates that all railroad companies had to charge. B) They investigated railroad practices to determine if rates were reaonsable and just. C) They took over ownership of railroad companies D) They determined which routes each railroad would be responsible for in order to eliminate competition.

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Jacob Hutchinson

31 December, 06:44

Which of the following describes the role of the Interstate Commerce Commission with regard to regulating railroads? A) They determined the rates that all railroad companies had to charge. B) They investigated railroad practices to determine if rates were reaonsable and just. C) They took over ownership of railroad companies D) They determined which routes each railroad would be responsible for in order to eliminate competition.

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Gonzales · Answer 1

The correct answer is:

B. They investigated railroad practices to determine if rates were reasonable and just

Explanation:

The Interstate Commerce Commission was created as a federal regulatory agency of commercial transactions or transportation between states in 1887. The Interstate Commerce Commission had as main purpose to regulate the railroad industry, and they investigated railroad practices to determine if rates were reasonable and just for the consumers, they required that railroad rates had to be public and prohibited price discrimination toward small markets.