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The law sought to prevent monopoly by promoting competition, and also to outlaw discriminatory rate-setting. Its most successful provisions were a requirement that railroads submit annual reports to the ICC, and a ban on special rates the railroads would arrange among themselves.
Small farmers and businessmen felt this was unfair, and eventually they petitioned Congress to force the railroads to be evenhanded. The result was the Interstate Commerce Act, which attempted to limit corporate power. It regulated the railroads so they had to offer “reasonable and just” transportation rates.
This helped level the playing field for farmers, ensuring that they were not charged more than other customers for transportation services. By preventing railroads from charging farmers higher rates, the Interstate Commerce Act of 1887 helped farmers reduce their transportation costs and increase their profits.
Ogden.) The Interstate Commerce Act addressed the problem of railroad monopolies by setting guidelines for how the railroads could do business. The act became law with the support of both major political parties and pressure groups from all regions of the country.
1.1 The Agreement on Electronic Commerce (the Agreement) is an agreement between a subset of Members of the WTO aimed at facilitating electronic commerce (e-commerce), ensuring an open environment for digital trade, and promoting trust in e-commerce.