True or false. the interstate commerce act was created to regulate banks

The correct answer is: True

The Interstate Commerce Act tackled the railroad monopolies by setting guidelines on how the railroad companies could do business. The act became a law which demanded "just and reasonable" rates; prohibited special rates for individual shippers; prohibited favoritism in rates for shippers, or products; prohibited the pooling of traffic and established an Interstate Commerce Commission. The Interstate Commerce Act also regulated the bank industry monopoly practices as part of private business in general.

hi there!

c is your answer

~courtney