Anonymous
Anonymous asked in Arts & HumanitiesHistory · 9 years ago

Why was the Federal Trade Commission created? - 10 Points!?

A. To protect people from unfair business practices

B. To break up monopolies

C. To oversee foreign and domestic trade

D. To protect laborers from being abused by the company managers

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  • Anonymous
    9 years ago
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    While the FTC did end up with other duties over the yeras, it was initially created to B) break up monopolies.

    According to the Federal Trade Commission website:

    "When the FTC was created in 1914, its purpose was to prevent unfair methods of competition in commerce as part of the battle to “bust the trusts.” Over the years, Congress passed additional laws giving the agency greater authority to police anticompetitive practices. In 1938, Congress passed a broad prohibition against “unfair and deceptive acts or practices.” Since then, the Commission also has been directed to administer a wide variety of other consumer protection laws, including the Telemarketing Sales Rule, the Pay-Per-Call Rule and the Equal Credit Opportunity Act. In 1975, Congress gave the FTC the authority to adopt industry-wide trade regulation rules."

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