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How Did The Social Security Act Contribute To Recovery From The Great Depression

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One of the most successful programs for recovery from the depression was the Social Security Act. The Social Security Act was a program that was funded by payroll taxes, a tax that is removed directly from a worker's paycheck, into their Social Security account. The payroll tax also funded the Old-Age Insurance, which guaranteed a pension for retired people. Not only did the Social Security Act help the elderly, it also helped out single mothers with raising their children. That specific part of the act was called the Aid to Dependant Children. Social Security also gave financial aid to the disabled along with the unemployed. This act was crucial to the recovery to the nation because it gave people some financial stability and insured people
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Roosevelt New Deal plan also helped businesses to recover from the Depression loss. Shlaes mentioned in 1934, “Business has recovered half its depression loss, only 30 percent of the Depression unemployed has been put to work” (Shlaes 262). Also, to help recovery from the Great Depression, the New Deal offered social insurance; “Social Security seemed a gift on a scale most American would never have expected a president to be able to offer” (Shlaes 255). The Great depression impacted the Americana government in a way that the government had to change, reform and became more cautious of economic situations.

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In the 1930’s a group of government programs and policies were established under President Franklin D. Roosevelt, they were created with the intention to help the American people during The Great Depression. The Great Depression was a time were many banks failed, many businesses and factories went bankrupt, and millions of Americans are out of work, homeless, and hungry. Most New Deal programs gave American citizens economic relief, chances for employment and helped for the general good. The New Deal’s intention was to help Americans during these troubling times filled with economic uncertainty, and in that aspect, it was a success. After the New Deal was implemented, unemployment rates were gradually lowered.

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The Social Security act also has an insurance plan for the unemployed and elderly. (sources F G) This connects to the claim because this shows that by giving people social security, that they can use the money to pay debts and buy products from stores. This also helped stores gain business and to start hiring people. This helped businesses get better income and adults save more money because older people won’t have to rely on kids and grandkids to take care of them.

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After the stock market crash of 1929, millions of people struggled just to get something to eat and a roof to sleep under. The program created by FDR allowed America to get up and dust itself off. It created jobs and many organizations that were responsible for many of the public works and government agencies we still use today. The change in income between 1929 and 1933 was drastic.

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Primarily, he offered Social Security for the retired, elderly, handicap, and the disabled. This was called the “Social Security Act.” As the years went on, the Social Security benefits were extended to widows and widowers. This improved the social role of the United States because it mainly limited the homelessness population and helped widowed mothers support her children, which was a big problem in the 1930’s. Social Security was also beneficial to improving the United States’ social aspect because it assisted citizens who had been laid off from their occupations.

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The government never gave direct relief like this before. America was going through the great depression. As a result, many people suffered

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The SSA was the first time that the government gave money to help people who needed it. I think it was necessary to end the depression and many of the people who the SSA helps cannot help

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Elderly people, well most of the eldery today depend on social security because they cant get a job. Either disabled, retired, or just to old to get a job. Food Stamp Act- Provides food purchasing assistance for low and no income people living in the United States. I believe it is important because it provides way for food so they wont go hungry. Congress also created this act to stregthen agriculture economy.

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The great depression was the deepest economic downturn in the history of the western hemisphere. In the 1920s, when the Depression hit, individuals found themselves unable to afford proper housing- resulting in millions of people becoming homeless, the crash of the stock market and the rapid withdrawal of money resulted in thousands of banks declaring bankruptcy, and many losing hope in society. To combat the Great Depression, Franklin Delano Roosevelt introduced an array of sanguine reforms, called the New Deal, that lifted the despondent american population. The New Deal was a success in part because it introduced a wide variety of services, regulations, and subsidies to improve america's fiscal and societal conditions. In addition, Roosevelt

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The majority of the public was relieved when they were informed of the Social Security Act. There were many people without jobs during this time period due to the Great Depression. Therefore, the federal government used taxes to administer money to the states for the people who were unemployed, injured or over the age of 65 to compensate for their financial incompetence. This is why the act was so tremendously helpful for the people that lived during this time

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McNeill, R. C. Hanes, & S. M. Hanes (Eds.), 2003, Header 10 Paragraph 1). Though the act covered the above situations, it is not a static piece of legislation, just like the United States Constitution, it was meant to be changed and expanded. Though there was many additions and subtractions to the act, seven stand out from the rest. These additions or sub-programs of Social Security are (a) minimum wage set and child labor laws (1938), (b) allow other family members from deceased pension receivers to access the pension (1939), (d) Federal Disability Insurance (1956), (e) Medicaid (1965), (f) Food Stamp Program (1960s/1970s), and (g) Temporary Assistance for Needy Families, originally called Aid to Dependent Children (T. Riggs (Ed.), 2015, Paragraphs 6-8). These large programs changed the way Americans could receive financial help allowing them and their families to survive or protected them in some way, such is the case with the child labor laws and minimum wage.

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During the Great Depression, people across the country were starving for not only food, but for some sense of hope. People were left out on the streets, unemployed, having to deal with horrible living conditions. President Franklin D. Roosevelt, trying to lead America out of the Great Depression, introduced different relief programs to not only help America become strong again, but to prevent another depression. These relief programs were used to help stop the issue with the economy, which was not doing so well during this time. The Civilian Conservation Corps (CCC) and the Civil Works Administration (CWA) are two examples of programs implemented to help the economy become strong.

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It has shored up the floor of our economic structure, and it has contributed enormously toward tempering the impact of depressions and converting them into relatively mild recessions” (Bane paragraph 2). The benefits offered to the elderly fought against the Depression and “cushioned” the risks it had. It turned the economic collapse the United States was facing into minor consequences. The monthly pension the elderly were offered by the Act kept them safe from the

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721 Words | 3 Pages

Roosevelt’s plan, called the Social Security Act, passed in 1935, in the midst of the Great Depression when people were desperate for some form of aid. There were several factors that contributed to the passing of the act, such as public opinion, party discipline, presidential leadership, and bureaucracies. The Social Security Act was a staple of Roosevelt's New Deal, something that continued to expand for years to come. The goal of such a lofty act was to bring better provisions for those who were at a disadvantage and, in turn, increasing the quality of life for American’s. When deciding on which policy area to choose, we ultimately chose social welfare.

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With the influence of European systems, America created several different programs to help out the unemployed, injured workers, elderly, and minority populations. The state old age pension was the most active form of welfare before Social Security Act began. Over 30 states formed old age pension programs to help out the elderly, but they were inadequate and ineffective. Only about 3 percent of elderly were receiving benefits of .65 cents a day.

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