The FTC is an independent agency of the United States established in 1914 by the federal trade commission act, it's principal mission is to promotion of consumer protection and elimination and prevention of anti-competitive business practices such as coercive Monopoly, The FTC act was one of Woodrow Wilson's major acts against trusts.
The Federal Trade Commission Act (1914) established the Federal Trade Commission. The Act, signed by Woodrow Wilson in 1914, outlawed unfair methods of competition and outlaws unfair acts or practices that affect commerce.
A.K.A It was a protection against bigger business for the smaller businesses. During the time it was enforced, bigger businesses were known for scaring smaller owners and forcing them to give up their businesses all together -as a way to get rid of competition- FTC was made so that they couldn't do that and if they did there would be consequences.
Answer: Adam Smith coined the term “mercantile system” to describe the system of political economy that sought to enrich the country by restraining imports and encouraging exports. This system dominated Western European economic thought and policies from the sixteenth to the late eighteenth centuries.
All public swimming pools should have a lifeguard on duty because not everyone can swim or someone may have an accident. The life guard who can swim should be on watch to keep those accidents from happening and prevent people drowning.
