Unformatted text preview: Regulatory policy Through regulatory policy, the federal government supervises the actions of individuals, businesses, and government institutions. Historically, the desire for regulation grew out of widespread unhappiness with the actions of profit-making businesses. For example, railroads in the late 19th century often charged more for shipping over short distances than over long ones. This pricing made sense for their business needs, but it was politically unacceptable because the nation's numerous small farmers were more likely to send goods a short distance, and the pricing was perceived as discriminatory. This and other discriminatory rate practices led to the creation of the Interstate Commerce Commission (1887) and rate regulation. During the Progressive Era, exposés about the way the food and drug industries operated resulted in Congress's passing the Pure Food...
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- Spring '08
- Regulatory Policy, late 19th century, Interstate Commerce Commission, Federal Energy Regulatory Commission, federal regulatory agencies, discriminatory rate practices