During the 1970s, the federal government initiated steps to dismantle economic regulations in industries where they had outlived their usefulness-telecommunications, railroads, energy, airlines, and trucking.

Question

Quizplus · Accepted Answer

During the 1970s and into the 1980s, the U.S. federal government indeed initiated deregulation efforts in several key industries including telecommunications, railroads, energy, airlines, and trucking, aiming to increase competition and reduce prices for consumers by removing or reducing government oversight and restrictions that were deemed no longer necessary or beneficial.

During the 1970s, the Federal Government Initiated Steps to Dismantle