oct 1, 1876 - Munn v. Illinois

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Munn v. Illinois, decided by the U.S. Supreme Court in 1877, was a landmark case that upheld the power of state governments to regulate private industries that affect the public interest. The case specifically addressed the regulation of grain warehouse and elevator rates by the state of Illinois, establishing the principle that businesses serving a public function could be regulated by the government for the public good.

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