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The Ferengi Alliance was the official name of the Ferengi government, based on the planet Ferenginar. The guiding principles of the Ferengi Alliance revolve around extreme capitalism. The head of the Ferengi Alliance is known as the Grand Nagus.
Official first contact between the Ferengi Alliance and the United Federation of Planets occurred in 2364, though there had been intermittent contacts for at least two centuries prior. (ENT: "Dear Doctor", "Acquisition"; TNG: "The Last Outpost")