The importance of the federal trade commission act of 1914 is that it: D) strengthened the law against price discrimination.
In order to establish the Federal Trade Commission and provide the American government with a comprehensive set of legal defenses against anticompetitive, unfair, and deceptive business activities, the Federal Trade Commission Act was enacted in the United States in 1914. Fair business competition and consumer protection from dishonest business practices were the two connected objectives of the act. The Sherman Antitrust Act of 1890 and the Clayton Antitrust Act of 1914 were directly prohibited by the act, and it gave the FTC authority to enforce their terms. False advertising was also specifically prohibited. Over the span of more than a century, the legislation has been altered multiple times to increase the FTC's jurisdiction and adapt its mandate to new industries.
The FTC was established in 1914 with the intention of stopping unfair business practices as part of the campaign to "bust the trusts."
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