Interstate Commerce Act


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By the end of the Civil War in 1865, the railroad was growing in track mileage and in importance to the American economy. At that time, the railroads were independently owned and unregulated, and the industry was highly competitive. Farmers and merchants, from the East Coast to the West Coast, dependent upon the railroad for survival, were affected by what was perceived to be the growing power of the railroad monopolies. Rate wars, cutthroat competition, and stock manipulation...