April 24, 1922, marked a pivotal day in the annals of commerce in America. In a landmark decision, the Supreme Court ruled that manufacturers must use their trade names and labels to reveal the accurate composition of their products. This move was a direct response to a case brought by the Federal Trade Commission against the Winstead Hosiery Company. The court’s verdict dealt a crushing blow to the company’s deceitful practices, forcing them to come clean about the materials and ingredients in their products.
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Key Facts
- State: National
- Category: Fraud & Financial Crimes
- Era: Historical
- Source: Library of Congress — Chronicling America ↗
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