What agency was created in 1914 to promote fair competition and prevent unfair trade methods?

The Federal Trade Commission (FTC) was established in 1914 with the primary purpose of promoting fair competition and preventing unfair trade practices in the marketplace. This agency was created in response to growing concerns about monopolistic behaviors and deceptive marketing tactics that could harm consumers and stifle competition among businesses. The FTC has the authority to investigate and take action against companies that engage in anti-competitive practices or deceptive advertising, making it a vital component of the regulatory framework aimed at ensuring fair trade.

In contrast, the other options pertain to different areas of regulation. The Securities and Exchange Commission (SEC), for instance, was created to regulate the securities industry and protect investors. The Consumer Product Safety Commission (CPSC) is focused on product safety standards, and the Equal Employment Opportunity Commission (EEOC) addresses discrimination in employment. Each of these agencies serves distinct functions within their respective domains, highlighting the specialized role of the FTC in ensuring fair competition specifically within commerce.