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Summarize the purpose of the Food and Drug Administration. Include such things as when the organization...

Summarize the purpose of the Food and Drug Administration.
Include such things as when the organization or legislation was created, what its purpose is, and then what do you think the effect of Food and Drug Administration has been on private industries. This should only require a short paragraph

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Answer #1

FDA (Food & Drug Administration) was established on 30 june 1906 by Harvey Washington Wiley with the passage of country's first major food & drug safety bill.

It's main purpose is to promote & protect public health by only allowing approval to safe & effective drugs.It regulates a wide range of products,such as food,human and veterinary drugs,vaccines,medical devices etc.

Effect on private industries:-The FDA is responsible for inspecting & reviewing production facilities that make items regulated by agency.Companies that are focused on the development and sale of new drugs can be left without key products to drive their revenue if their product do not approved by FDA.The regulation that FDA wield regarding drug testing can affect the stock market.
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