The federal government has adopted laws to ensure fair competition among businesses. Laws create fairness through: the prevention of monopolies, trade regulations, production ethics and price setting. The most important antitrust laws are: Federal Trade and Commission, Clayton Anti-trust act, Celler Kefauver act and Sherman Anti-trust act. The Federal Trade Commission (FTC) was created in 1914. The FTC's job is to eliminate uncompetitive business practices and protect consumers. During the Progressive Era, trust busting and trusts were very popular. Woodrow Wilson created the FTC, to help eliminate trusts. The Clayton Antitrust Act was created in 1914. This was created by the United States Congress to aid the Sherman Antitrust Act. This act prohibited mergers and acquisitions that would eliminate competition between companies. This also eliminated any price discrimination that would have reduced competition. Attorneys general have been able to enforce federal antitrust laws through prosecution. This law also regulated share acquisitions and tying ...