Interstate Commerce Act Regulation
Citations (2)
- Titan: The Life of John D. Rockefeller, Sr. whole source · open book
With all the hostile publicity directed against Standard Oil during the debate over the Interstate Commerce Act of 1887, it was certainly an auspicious time for Rockefeller to consider a major philanthropic bequest. The newspapers were now puffing him as one of America’s richest men, possibly the richest man, so he was under a certain pressure to show that he could discharge this large responsibility.
chapter: CHAPTER 17 - Captains of Erudition
- Political Order and Political Decay whole source · open book
This tension was embodied in the Interstate Commerce Act of 1887, in which Congress finally authorized the creation of the ICC as a permanent regulatory body.
chapter: Chapter 11: Railroads, Forests, and American State Building