USA HISTORY

Detailed explanation-1: -The FTC’s mission is protecting the public from deceptive or unfair business practices and from unfair methods of competition through law enforcement, advocacy, research, and education. Our work to protect consumers and promote competition touches the economic life of every American.

Detailed explanation-2: -The FTC enforces federal consumer protection laws that prevent fraud, deception and unfair business practices. The Commission also enforces federal antitrust laws that prohibit anticompetitive mergers and other business practices that could lead to higher prices, fewer choices, or less innovation.

Detailed explanation-3: -The Federal Trade Commission (FTC) was established in 1914 by the Federal Trade Commission Act, as part of the Wilson administration’s trust-busting efforts-trust-busting being a significant concern at the time. 1 It was tasked with enforcing the Clayton Act, which banned monopolistic practices.

Detailed explanation-4: -U.S. Department of Commerce | Federal Trade Commission.