1914 Federal Trade Commission Act

The 1914 Federal Trade Commission Act established the Federal Trade Commission (FTC), a government agency tasked with protecting consumers and promoting fair competition. It aims to prevent unfair business practices, such as false advertising, monopolistic tactics, and deceptive dealings. The FTC has the authority to investigate companies, issue rules, and enforce laws to ensure markets remain honest and competitive. Essentially, the act helps maintain a balanced marketplace where consumers are protected, and businesses compete fairly without engaging in harmful or anti-competitive behaviors.