The Federal Trade Commission is an independent agency of the United States government, established in 1914 by the Federal Trade Commission Act. Its principal mission is the promotion of consumer protection and the elimination and prevention of anticompetitive business practices, such as coercive monopoly.
In economics and business ethics, a coercive monopoly is a business concern that is operating in an environment where competitors are being prevented from entering the field, such that the firm is able to raise prices, and make production decisions, without risk of competition arising to draw away their customers.
The United States of America, commonly referred to as the United States or America, is a federal republic composed of 50 states, a federal district, five major self-governing territories, and various possessions.
Consumer protection is a group of laws and organizations designed to ensure the rights of consumers as well as fair trade, competition and accurate information in the marketplace.
How to File a Complaint with the Federal Trade Commission by Federal Trade Commission
The Federal Trade Commission Act was one of President Woodrow Wilson's major acts against trusts.
Thomas Woodrow Wilson was an American politician and academic who served as the 28th President of the United States from 1913 to 1921.
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Trusts and trust-busting were significant political concerns during the Progressive Era.
The Progressive Era was a period of widespread social activism and political reform across the United States, from the 1890s to the 1920s.
Competition law is a law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies.
Since its inception, the FTC has enforced the provisions of the Clayton Act, a key antitrust statute, as well as the provisions of the FTC Act, 15 U.S.C. § 41 et seq. Over time, the FTC has been delegated with the enforcement of additional business regulation statutes and has promulgated a number of regulations.
The Clayton Antitrust Act of 1914, was a part of United States antitrust law with the goal of adding further substance to the U.S. antitrust law regime; the Clayton Act sought to prevent anticompetitive practices in their incipiency.