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The Federal Trade Commission was established on September 26, 1914, by the Federal Trade Commission Act (15 U.S.C. 41 et seq). Created by Congress at the urging of President woodrow wilson, the FTC was designed to regulate trusts and prevent Unfair Competition in interstate commerce.
Federal Trade Commission. FTC. Federal agency whose purpose is to encourage free enterprise and prevent restraint of trade and monopolies. Many mergers and acquisitions will go through the Federal Trade Commission if there is a concern that the merged company would be too much of a monopolistic force. The agency also protects consumers against deceptive practices such as false advertising or identity theft.