The Telecommunications Act of 1996
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September 2, 2013
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5 / 1253
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AT&T, which traces its routes to the founding of the telephone, promoted a Single Policy, Single System geared towards Universal Service. Thus by 1920, AT&T emerged as the dominant telecommunications company. Until 1934 AT&T was highly regulated by the states with price control per the government's request to protect consumers from abuses often associated with monopolies...
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The Telecommunications Act of 1934 created the Federal Communications Commission, which took regulation to the federal level.
AT&T retained its natural monopoly status for years until the government realized that AT&T was partaking in monopolizing the telecommunications industry with no controlling factors...
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