Asked by Rachelle Abalos on May 29, 2024
Verified
Why was the Interstate Commerce Commission, the first federal administrative agency, created?
A) To better control the anticompetitive nature of railroads.
B) To deal with anticompetitive competition between states.
C) To help farmers get better grain prices.
D) To allow the government better control over interstates.
E) To handle inconsistencies within the food and drug industry.
Interstate Commerce Commission
A former federal agency in the United States that regulated the railroad industry and other modes of transportation, abolished in 1995.
Anticompetitive
Anticompetitive refers to actions or policies designed to reduce competition in a market, potentially leading to monopolistic behaviors and harming consumer interests.
- Comprehend the powers of administrative agencies and the basis for their creation, including the establishment of the first federal administrative agency.
Verified Answer
KS
Kayla SuttonMay 29, 2024
Final Answer :
A
Explanation :
The Interstate Commerce Commission was created to regulate the railroad industry, particularly its monopolistic practices, ensuring fair rates and to curb the anticompetitive nature of railroads.
Learning Objectives
- Comprehend the powers of administrative agencies and the basis for their creation, including the establishment of the first federal administrative agency.