The interstate commerce Act (1887) was the first time that the federal government would make a federal regulation.
This refers to the federal act that was instituted in the year 1887 in order to control and put an end to the monopolistic practices of the railroad due to unjust pricing.
Hence, we can see that this singular act was a historic one as the railroads were the first industry that the country to be regulated by the government in its history.
Read more about the Interstate Commerce Act here:
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