What agency was created in 1914 to promote fair competition in business?

The Federal Trade Commission (FTC) was established in 1914 with the primary goal of promoting fair competition in the marketplace. The formation of the FTC aimed to prevent unfair business practices and monopolistic behaviors that could harm consumers and the economy. It provides oversight and enforcement for laws designed to protect consumers and ensure that the marketplace operates in a competitive manner.

The FTC's responsibilities include investigating complaints, enforcing federal antitrust laws, and regulating business practices that may deceive or harm consumers. This makes it a crucial agency in maintaining a fair and competitive business environment.

The other agencies listed have different purposes: the Federal Communications Commission focuses on regulating communications by radio, television, and other media; the Federal Bureau of Investigation handles national security and law enforcement issues; and the Department of Consumer Affairs is typically concerned with consumer protection but is not the primary agency established to promote fair competition in the same scope as the FTC.