The regulation of utilities and railroads was used to protect the public welfare from the abuses of large corporations. The federal government also began to regulate large businesses and monopolies. It accepted large-scale corporations as an essential part of the economy but also embraced the need to regulate them. Trusts were also of great concern to the federal government. The Federal Trade Commission was instituted in order to
The regulation of utilities and railroads was used to protect the public welfare from the abuses of large corporations. The federal government also began to regulate large businesses and monopolies. It accepted large-scale corporations as an essential part of the economy but also embraced the need to regulate them. Trusts were also of great concern to the federal government. The Federal Trade Commission was instituted in order to