THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Social Security Act
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Federal Deposit Insurance Corporation
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Freedmen’s Bureau
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Civil Rights Act
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Detailed explanation-1: -On August 14, 1935, the Social Security Act established a system of old-age benefits for workers, benefits for victims of industrial accidents, unemployment insurance, and aid for dependent mothers and children, persons who are blind, and persons with disabilities.
Detailed explanation-2: -This Act provided for unemployment insurance, old-age insurance, and means-tested welfare programs. The Great Depression was clearly a catalyst for the Social Security Act of 1935, and some of its provisions-notably the means-tested programs-were intended to offer immediate relief to families.
Detailed explanation-3: -The Social Security Act established two types of provisions for old-age security: (1) Federal aid to the States to enable them to provide cash pensions to their needy aged, and (2) a system of Federal old-age benefits for retired workers.