Which of these BEST describes the impact the Interstate Commerce Act (1887) had on business at the end of the 19th century?

Question

Responses
A By placing price controls on the steel industry, it made railroad companies more profitable.By placing price controls on the steel industry, it made railroad companies more profitable.
B It prevented new businesses from forming because complying with the law proved too expensive.It prevented new businesses from forming because complying with the law proved too expensive.
C It resulted in the breakup of the country's largest monopolies by the start of the 20th century.It resulted in the breakup of the country's largest monopolies by the start of the 20th century.
D While it had little immediate impact, it was the first federal law to put regulations on business in the United States.

Answer 1

The response that BEST describes the impact of the Interstate Commerce Act (1887) on business at the end of the 19th century is:

D While it had little immediate impact, it was the first federal law to put regulations on business in the United States.

The Interstate Commerce Act was significant as it marked the beginning of federal regulation of private industry, particularly in the railroad sector, laying the groundwork for future regulatory frameworks. Although its immediate effects were limited and it faced challenges in enforcement, it represented a shift towards government intervention in the economy.