The Federal Trade Commission Act was passed in 1914. This act was put into place to ban "Unfair methods of competition… and unfair or deceptive acts or practices in or affecting commerce, are hereby declared unlawful." This act also laid out the rules and regulations for the Federal Trade Commission (FTC). The FTC is a committee of 5 commissioners appointed to office by the President of the United States. Through the act they are tasked to “prevent persons, partnerships, or corporations from using unfair methods of competition in commerce.” The Federal Trade Commission Act is designed to provide wider regulation on commerce than the Sherman Act allowed, thus giving the government more control over trade within the United States.
The Federal Trade Commission Act Of 1914
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