In 1914, Congress created the _______ that was given power to _______ .
A) Sherman Commission; investigate monopoly power
B) Federal Trade Commission; prosecute firms using illegal business practices
C) Clayton Commission; prosecute firms using illegal business practices.
D) Federal Reserve Board; outlaw tying agreements.

Question

Quizplus · Accepted Answer

The Federal Trade Commission was created in 1914 by Congress with the power to prosecute firms using illegal business practices. The Sherman Commission was created in 1890 to investigate monopoly power, not in 1914. The Clayton Commission was not created in 1914 and did not have the power to prosecute firms using illegal business practices. The Federal Reserve Board was created in 1913, not 1914, and was given the power to regulate banking and credit, not outlaw tying agreements directly.

In 1914, Congress Created the _______ That Was Given Power