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91
What did the Wabash case prove? What was created because of this?
It found that while the state could not regulate the rates of Railroads, the Railroads were in violation of the Interstate commerce clause.
So, the Interstate Commerce Commision was created in 1887 and became the first federal regulatory commission.
So, the Interstate Commerce Commision was created in 1887 and became the first federal regulatory commission.
Flashcard info:
Author: savhighsmith
Main topic: Business Economics
Topic: History of Economics
School / Univ.: UGA
City: Athens
Published: 15.09.2010