Federal+Trade+Commision

The Federal Trade Commission was an agency that was created by Woodrow Wilson in order to monitor business transactions. Its creation reflects Wilson's idealistic nature and his desire to demolish the "Triple Wall of Privelage:"banking, tarrifs, and trusts. Of these three issues, the FTC was not allowed to interfere with banking (it was also unable to influence transportation). All other industries fell under the FTC's jurisdiction. The FTC and theClayton Antitrust Actcombined to complete Wilson's New Freedom Program in 1914. The FTC still exists today and its objective remains the same: Advocacy of consumer protection.