The Interstate Commerce Act was authorized under the law in order to regulate,
- the rates charged to passengers for their tickets;
- the fees charged to farmers for storing grain;
- the rates charged to companies for shipping goods.
What is the significance of the Interstate Commerce Act?
The Interstate Commerce Act was authorized by the federal government to ensure the regulations of the cross-state transactions and maintain the fair business and trade practices to prevent any kind of discrimination.
The passengers who traveled interstate would travel under regulated fares; farmers could warehouse their grains at regulates fees; and companies' shipment rates were also regulated under this Act.
Hence, option A, B and C hold true regarding the Interstate Commerce Act.
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