What did the 1935 Social Security Act do quizlet?

What did the 1935 Social Security Act do quizlet?

The act created a uniquely American solution to the problem of old-age pensions. Unlike many European nations, U.S. social security “insurance” was supported from “contributions” in the form of taxes on individuals’ wages and employers’ payrolls rather than directly from Government funds.

An act to provide for the general welfare by establishing a system of Federal old-age benefits, and by enabling the several States to make more adequate provision for aged persons, blind persons, dependent and crippled children, maternal and child welfare, public health, and the administration of their unemployment …

The Social Security Act was signed into law by President Roosevelt on August 14, 1935. In addition to several provisions for general welfare, the new Act created a social insurance program designed to pay retired workers age 65 or older a continuing income after retirement.

The Social Security Act gave the board three major assignments.

President Franklin D. Roosevelt establish Social Security to provide economic security. It was originally named as Economic Security Act but was changed. They collected the first taxes for Social Security in 1937.

What was the Social Security Act New Deal?

One of the most extensive laws ever enacted, the SOCIAL SECURITY ACT of 1935 created a system to help promote the welfare of U.S. citizens. Social Security provides benefits, including a pension system for retirement, a system of unemployment compensation, and assistance for the disabled.

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