Social Security in 1935
The Social Security Act was another "new deal" program. It was to provide greater benefits. The Social Security Act, created a system of old age pensions and unemployment insurance, it provided economic security and welfare. At the time benefits was probably the only money some people saw for years. The Great Depression created widespread suffering; Franklin D. Roosevelt passed the Social Security Act August 14, 1935.The Social Security Act, gave Federal funds to help the development of programs such as vocational rehabilitation, public health services, and child welfare services, with assistance to elderly and handicapped. It did not cover survivors of pensioners or workers wh
There are also more things that are covered by insurance in the millennium. People whom did have jobs got laid off, fired or the got paid below minimum wages. Social Security now a day is like it was in, 1935 it covers retirement funds still but that is all it is required to do. It established a reserved fund financed through payroll taxes on employers and employees. It assisted the elderly for workers who reached the age of sixty-five. It enabled people by supporting them by giving them money for their disabilities. ------------------------------------------------------------------------**Bibliography**. People moved to places like: California and New York. The Social Security Act was like an insurance policy. , war debts, over production in industries, and the stock market crash which created financial panic world wide. The Social Security Act has led America to become a better nation during the depression. The Social Security Act Of 1935 was created to help people that were unemployed, farmers who had crops to sell couldn't because of the deflation and no one had money to buy them. During The Depression that took place from the 1930's to 1939, was a full of hard times and despair.
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