What was the role of the Federal Trade Commission (FTC) when it was formed?

The Federal Trade Commission (FTC) was established in 1914 with the primary purpose of enforcing antitrust laws and ensuring fair competition in the marketplace. This was an important development in U.S. economic policy, as it aimed to prevent monopolistic practices and deceptive business practices that could harm consumers and competitors alike. By regulating and promoting fair company practices, the FTC protects consumers from unfair business practices, helps to maintain competition in the marketplace, and promotes a healthier economic environment.

The focus of the FTC on antitrust measures distinguishes its mission from those of organizations dedicated to promoting industrial growth or regulating agricultural production. While support for labor unions is also a significant aspect of labor relations, it falls outside the FTC's specific mandate, which is concentrated more on market competition and consumer protection rather than directly dealing with labor issues. Thus, the role of the FTC aligns clearly with enforcing antitrust measures and ensuring fair company practices, making this the correct choice.