Final answer:
The Federal Aviation Administration (FAA) is an agency of the United States Department of Transportation (DOT). It was formerly known as the Federal Aviation Agency (FAA) until it was reorganized and became the FAA in 1967. The FAA is responsible for regulating and overseeing civil aviation within the United States.
Step-by-step explanation:
The Federal Aviation Administration (FAA) is an agency of the United States Department of Transportation (DOT). It was formerly known as the Federal Aviation Agency (FAA) until it was reorganized and became the FAA in 1967. The FAA is responsible for regulating and overseeing civil aviation within the United States.
One significant event in the history of the FAA was the Airline Deregulation Act of 1978. This act removed government control over airfares and schedules, leading to significant changes in the airline industry. It resulted in the bankruptcy of some major airlines and the emergence and disappearance of new airlines. Overall, airline deregulation had both positive and negative effects on the industry.