The federal trade commission was established in 1914 to?
a. prevent unfair business practices.
b. establish and maintain tariffs.
c. regulate banking and credit practices.
d. strengthen the rights of workers.

According to the question, the federal trade commission was established in 1914 to prevent unfair business practices.  

In accordance to the Federal trade commission ACT of 1914, the federal trade commission was established. It is an independent administrative agency. Since the agency was established by President Woodrow Wilson, it has been protecting investors, consumers and business from practices that are anti-competitive. Some of the anti-competitive practices include monopolies, unfounded product claim, monopolistic merger, price fixing and bid-rigging. The FTC function has greatly help the U.S economy to function properly, safely for investors, consumers and businesses at large.

The main reason the federal trade commission was set up was to re-enact, regulate and made some clarification to what antitrust act and Clayton antitrust act prohibited. These two laws encourages competition to the detriment of consumers and investors.

These laws were abused and this led to public outcry. The public outrage compelled President Woodrow Wilson to take proper action against monopolies and trusts.

Initially, the power vested on the federal trade commission was to prevent or dissolve monopolies and to initiate law suits against anyone who violate the laws.

Monopolies have an advert effect on the economy. They are anti-competitive in nature and they causes great harm to investors and consumers

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