Answer:
The statement that best summarizes the U.S. Supreme Court decision in Gibbons v. Ogden is that Congress has the sole authority to regulate interstate commerce.
Explanation:
Gibbons v. Ogden is a 1824 precedent of the Supreme Court, that gave the Federal Congress the control of interstate commerce.
Under a New York state law, Livingston and Fulton had been granted exclusive rights to use and navigate all waterways in the state. Gibbons arbitrarily initiated a passenger transport business between New York and New Jersey, and Ogden demanded Gibbons for the violation of his exclusive business right.
Gibbons operated a steamer that ran between the states of New York and New Jersey. Because of this, the restrictive regulations imposed by the State of New York were harmful to him. He argued that it was a power of Congress to control trade when several states were involved, so the decision of the State of New York went against this precept. The Supreme Court established that, effectively, it was the power of Congress to regulate interstate commerce and that the law of the State of New York was in violation of federal antitrust laws that banned monopoly.
