Which agency was established by the Interstate Commerce Act?

The Interstate Commerce Act of 1887 was a landmark piece of legislation aimed at regulating the railroad industry, which was critical to the economy of the United States. To enforce the provisions of this act, the Interstate Commerce Commission (ICC) was established. The ICC was the first federal agency created to regulate an industry and aimed to curb monopolistic practices by ensuring that railroad rates were “reasonable and just.” This agency played a key role in addressing issues of unfair practices and helped to establish federal authority over interstate commerce.

The other options represent different agencies established for various purposes. The Federal Trade Commission was created in 1914 to prevent unfair methods of competition and protect consumers. The Food and Drug Administration was established in 1906 to ensure the safety of food and drugs. The Securities and Exchange Commission was formed in 1934 to regulate the stock market and protect investors. Each of these agencies serves specific functions that are distinct from the regulatory framework established by the Interstate Commerce Act.