Regulatory activity in the United States:
A)started almost immediately after the passage of a Constitutional amendment empowering the government to secure the public interest.
B)started in 1913 with the advent of the regulatory arm of the Federal Reserve System.
C)started in 1887 with the control of the banking system by the Federal Reserve.
D)started in 1887 with the creation of the Interstate Commerce Commission.
E)peaked during the Reagan administration after declining somewhat under President Carter.

Question

Quizplus · Accepted Answer

Regulatory activity in the United States started in 1887 with the creation of the Interstate Commerce Commission, which was established to regulate the railroad industry and ensure fair rates and practices. This was the first federal regulatory agency in the United States. While there have been other significant examples of regulatory activity since then, such as the establishment of the Federal Reserve System in 1913, the creation of the ICC marked the beginning of a new era of government intervention in the economy.

Regulatory Activity in the United States