Railroads
(a) were among the last of the pre-1890 big businesses to be regulated.
(b) were only subject to regulation by governments when the federal government stepped in with
the Interstate Commerce Act of 1887.
(c) were objects of regulation more than a decade before the Interstate Commerce Commission Act.
(d) were never subject to government regulation before World War I and the “command economy.”
ANSWER
(c)
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