1. The people born and living about the same time, considered as a group: the baby-boom generation. 2. The average interval of time between the birth of parents and the birth of their offspring: a social change that took place over three generations.
The United States International Trade Commission (USITC, sometimes I.T.C.) is an independent, bipartisan, quasi-judicial, federal agency of the United States that provides trade expertise to both the legislative and executive branches.
Trust-busting was a major theme of the 1912 presidential election, and most political platforms that year favored the establishment of a trade commission. In 1914, Congress passed the Federal Trade Commission Act, creating an agency to enforce the new statutes and protect consumers from unfair business practices. The FTC assumed the duties of its less powerful predecessor, the federal Bureau of Corporations.