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Federal Trade Commission
The
Federal Trade Commission
(
FTC
)
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
. The
Federal Trade Commission Act
was one of President
Woodrow Wilson
's major acts against
trusts
. Trusts and
trust-busting
were significant political concerns during the
Progressive Era
. 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, et seq. Over time, the FTC has been delegated with the enforcement of additional business regulation statutes and has promulgated a number of regulations (codified in
Title 16 of the Code of Federal Regulations
).
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