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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.
Food Machinery Corporation (FMC) was founded in nearby Los Gatos as the Bean Spray Pump Company in 1884 and moved to San Jose in 1903. In 1941 the company received an order from the United States War Department for one thousand LVTs, bringing defense contracts to San Jose for the first time.