In 1887, Congress established a commission to regulate the railroads by passing "The Interstate Commerce Act", which was mainly intended to keep railroad companies from becoming monopolies.
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Competition was behind the industrial revolution as various companies competed for customers. Thanks to the Industrial Revolution, customers could more easily access goods. Things that had been considered more luxury items could now be had by anyone as more could be made faster, cheaper, easier, and business owners didn't have to employ as many workers. Businesses also had to compete for raw materials sometimes. Others competed for ideas and patents to create various things.
