Federal Trade Commission Act of 1914

This act was an act to repeal the power of the large monopolies in American industry. With a panel nominated by the president, restrictions were placed and enforced on industry in America. Large companies were not able to employ competitive tactics that their size allowed them to normally get away with. No longer were large businesses about to lower their prices for the consumer to a rate that could not be competed with by smaller businesses. The idea of competition in the eyes of this act was that their would be many small businesses all on the same level of price and production. This enabled the weaker businesses to gain strenght while affectively crippling the businesses that could only be compared to the Sam's Club and Wal-Marts of today. The Federal Trade Commission was an Anti-Trust, Anti-Corporation, Pro-Mom and Pop and Pro-New Business Act. The makers of this act did not believe in the lavish lifestyle of competitive bashing that the large businesses employeed to drive the smaller businesses under. That is why, through anti competition the act provided for small business to flourish. (Above, Federal Trade Commission Seal)