Question

What was the first government attempt to regulate business in 1887?

1) The Sherman Antitrust Act
2) The Clayton Antitrust Act
3) The Interstate Commerce Act
4) The Federal Trade Commission Act

Answer 1

The first government attempt to regulate business in 1887 was the Interstate Commerce Act.

Step-by-step explanation:

The first government attempt to regulate business in 1887 was the Interstate Commerce Act. It was passed by Congress in response to concerns about the concentration of market power in the railroad industry. The act created the Interstate Commerce Commission to regulate railroads and ensure fair practices and reasonable rates