The Federal Trade Commission Act of 1914 (15 U.S.C §§ 41-58, as amended) started the Federal Trade Commission (FTC), a bipartisan body of five members appointed by the president of the United States for seven-year terms. This commission was authorized to issue “cease and desist” orders to large corporations to curb unfair trade practices. This Act also gave more flexibility to the U.S. Congress for judicial matters. It passed the Senate by a 43-5 vote on September 8, 1914, and, without a tally of yeas and nays, it passed the House on September 10.
Famous quotes containing the words federal, trade, commission and/or act:
“Prestige is the shadow of money and power. Where these are, there it is. Like the national market for soap or automobiles and the enlarged arena of federal power, the national cash-in area for prestige has grown, slowly being consolidated into a truly national system.”
—C. Wright Mills (1916–1962)
“You know that fiction, prose rather, is possibly the roughest trade of all in writing. You do not have the reference, the old important reference. You have the sheet of blank paper, the pencil, and the obligation to invent truer than things can be true. You have to take what is not palpable and make it completely palpable and also have it seem normal and so that it can become a part of experience of the person who reads it.”
—Ernest Hemingway (1899–1961)
“A sense of humour keen enough to show a man his own absurdities as well as those of other people will keep a man from the commission of all sins, or nearly all, save those that are worth committing.”
—Samuel Butler (1835–1902)
“Once women begin to question the inevitability of their subordination and to reject the conventions formerly associated with it, they can no longer retreat to the safety of those conventions. The woman who rejects the stereotype of feminine weakness and dependence can no longer find much comfort in the cliché that all men are beasts. She has no choice except to believe, on the contrary, that men are human beings, and she finds it hard to forgive them when they act like animals.”
—Christopher Lasch (b. 1932)