Why Was the Interstate Commerce Commission Created

question 56

Multiple Choice

Why was the Interstate Commerce Commission created?

• A) to expand American exports
• B) to regulate railroads
• C) to encourage increased imports of foreign goods
• D) to boost the dairy industry
• E) to clean up corruption in politics

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Definitions:

Taxes

Compulsory financial charges or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Income Statement

A financial document that reports a company's revenues, expenses, and profit over a specific period, showing its financial performance.

Cash Flow

The total amount of money being transferred into and out of a business, affecting its liquidity, operations, and financial health.

Asset Value

The monetary worth attributable to an asset, which could be based on market value, cost, or an appraisal method.