Franklin Delano Roosevelt's Social Security Policy During The Great Depression

The Social Security was enacted on August 13, 1945 under the executive administration of Franklin Delano Roosevelt. The act emerged during the Great Depression, which lasted a decade from 1929 to 1939. In fact, the original name of the policy was The Economic Security Act. The Great Depression were years of uncertainty, depravation, low amounts of food for those who were not of wealthy socioeconomic status. The implementation of the Social Security Act was to provide a cushion and support for millions of American citizens after depletion of goods with surplus mounts of depression and recession. However, the original form of the law enacted in 1935 was to support and give benefits to retirees. The policy held government to be responsible for the welfare of the citizens. The Social Security Act brought expectation for better quality of life for humanity after much detriment.

Employers and employees through tax revenue fund Social Security. They pay six point two percent of their earnings while self-employed individuals pay twelve point four percent of their primary earnings to SSI. There are other funding from constituents such as, “earnings ($103 billion or 12 percent) and revenue from taxation of OASDI benefits ($21.1 billion or 3 percent), and $4.9 billion in reimbursements from the General Fund of the Treasury

These citizens are sixty-five or older. This act aids for more than the elderly population. This act also provides cushion for disabled persons, as well. Blind persons fall under this umbrella of disability. The act has a specific meaning for what is considered as blind. Social security Board considers blindness as visual acuity of 20/200 or less in the best functioning eye with use of a corrective lens. However, if an individual does not meet the specific requirements if blindness but still has a vision impairment, they may still receive benefits from SSI under disabled people’s