Tags: Government Agency.
The Federal Trade Commission (FTC) 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.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.