The Interstate Commerce Commission (ICC) was a regulatory agency created in 1887 to oversee and regulate the railroad industry and later expanded its authority to other modes of transportation. It aimed to ensure fair rates, eliminate discriminatory practices, and regulate the economic activities of railroads, which were vital for commerce in the growing industrial economy. The ICC played a key role in shaping the landscape of American business by addressing the concerns raised by industrial era tycoons and establishing a framework for federal regulation.
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