The Federal Trade Commission was founded on the basis of other acts known as the Sherman and Clayton Anti-Trust Acts. These acts were passed in the 1800's to do away with trusts, which were considered monopolies. They were enforced in order to preserve a competitive economy and protect consumers. Woodrow Wilson then passed the Federal Trade Commission Act in 1914 which gave birth to the Commission. The Commission was given power to investigate and stop companies which were becoming monopolies and practicing unfair methods of competition. The Federal Trade Commission is run by five executives known a Commissioners. In order to keep up with the multiple diverse companies in the market today, the Commission has nine offices and three bureaus which process complaints and undergo the investigation and court procedures. Since the Federal Trade Commission deals with many situations throughout media, we will also be looking into some current events. Issues such as the Watchdog and Harmful Product situation have caused the Commission to undergo intense investigation.
Hopefully my presentation of the Federal Trade Commission will help you to understand a piece of what the government is doing to enforce fair usage to consumers of the media markets today. Thanks and Gig 'em!