Final answer:
The Federal Trade Commission (FTC) was established to enforce antitrust laws, prevent monopolies and unfair business practices, and protect consumers from fraud.
Step-by-step explanation:
The objective of the Federal Trade Commission (FTC), which was established in 1914 by President Wilson, was primarily to enforce antitrust legislation and a range of other measures designed to prevent monopolies and unfair business practices. The FTC had a mission to protect consumers from fraud, deceptive business practices, and to promote fair competition among businesses. In alignment with the Clayton Antitrust Act of 1914, the FTC was given authority to prevent anticompetitive practices, oversee mergers and acquisitions, and ensure that businesses operate fairly without conflict of interests in terms of board memberships, and that labor unions are not treated as monopolies under antitrust law.