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The purpose of the FTC is to enforce the provisions of the Federal Trade Commission Act, which prohibits "unfair or deceptive acts or practices in commerce." The Clayton Antitrust Act (1914) also granted the FTC the authority to act against specific and unfair monopolistic practices. The FTC is considered to be a law enforcement agency, and like other such agencies it lacks punitive authority. Although the FTC cannot punish violators—that is the responsibility of the judicial system—it can issue cease and desist orders and argue cases in federal and administrative courts. Today, the Federal Trade Commission serves an important function as a protector of both consumer and business rights. While the restrictions that it imposes on business practices often receive the most attention, other laws enforced by the FTC—such as the 1979 Franchise Rule, which directed franchisors to provide full disclosure of franchise information to prospective franchisees—have been of great benefit to entrepreneurs and small business owners. Basically, all business owners should educate themselves about the guidelines set forth by the FTC on various business practices. Some of its rules can be helpful to small businesses and entrepreneurs. Conversely, businesses that flout or remain ignorant of the FTC's operating guidelines are apt to regret it. Creation of the Ftc The FTC was created in response to a public outcry against the abuses of monopolistic trusts during the late 19th and early 20th centuries. The Sherman Antitrust Act of 1890 had proven inadequate in limiting trusts, and the widespread misuse of economic power by companies became so problematic that it became a significant factor in the election of Woodrow Wilson to the White House in 1912. Once Wilson assumed the office of the Presidency, he followed through on his campaign promises to address the excesses of America's trusts. Wilson's State of the Union Message of 1913 included a call for extensive antitrust legislation. Wilson's push, combined with public displeasure with the situation, resulted in the passage of two acts. The first was the Federal Trade Commission Act, which created and empowered the FTC to define and halt "unfair practice" in trade and commerce. It was followed by the Clayton Antitrust Act, which covered specific activities of corporations that were deemed to be not in the public interest. Activities covered by this act included those mergers which inhibited trade by creating monopolies. The FTC began operating in 1915; the Bureau of Operations, which had previously monitored corporate activity for the federal government, was folded into the FTC.

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14y ago
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12y ago

to put it bluntly they just inform the public about identity theft. they enforce federal antitrust laws. they also are an idependent agency of the US fed government that maintains fair and free competition

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10y ago

The Federal Trade Commission is a government agency that has the responsibility of keeping competition among businesses strong. It investigates potential violations of the law, makes sure goods and services meet quality standards, and makes sure businesses compete fairly, and follow the rules.

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13y ago

to stop and prevent anticompetitive business practices

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Rickiki

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2y ago
htt ps: // yazing .com/deals/blockfi/Rickiki (remove the spaces)

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11y ago

FTC makes sure trading is fair. Makes sure people play by the rules.

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12y ago

to stop and prevent anticompetitive business practices

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11y ago

to control the banks of the United States of America

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Q: What does the Federal Trade Commission do?
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Related questions

What does the federal trade commission regulate?

the federal trade commission regulates commerce.


When was Federal Trade Commission Building created?

Federal Trade Commission Building was created in 1938.


When was The Nader Report on the Federal Trade Commission created?

The Nader Report on the Federal Trade Commission was created in 1970.


Three agencies created by the congress to regulate business?

Federal Trade Commission, Federal Power Commission, Federal Energy Regulatory Commission


Is the Federal Trade Commission a federal agency created by Congress?

No, it did go through Congress as the Federal Trade Commission Act, but it was created by president Woodrow Wilson.


When was the Federal Trade Commission Act passed?

· The first version of a bill to establish a commission to regulate trade was introduced on January 25, 1912 by Oklahoma congressman Dick Thompson Morgan, once known as the "father of the Federal Trade Commission." · The Federal Trade Commission (FTC) is an independent agency of the United States government, established in 1914 by the Federal Trade Commission Act.


What commission did the Federal Trade Commission Act of 1914 create?

It also created the Federal Trade Commission, a bipartisan commission of five presidential appointees, confirmed by the Senate, to police violations of the act.


What Federal agency regulates advertising?

Federal Trade Commission


Who is the head of the Federal Trade Commission?

The Federal Trade Commission of the United States government is currently headed by Jon Leibowitz. The commission currently employs over 1,000 workers.


The Interstate Commerce Commission the federal trade commission and the federal communications commission are similar because each?

has the power to formulate and enforce regulations


Is there a federal trade commission office in Washington D.C.?

Yes, there is a federal trade commission office in Washington D.C. To be exact it is located at 600 Pennsylvania Avenue, NW Washington, DC 20580. The Federal trade commission deals with issues pretaining to economic life.


Who started the federal trade commission?

Clayton Act