THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Social Security Act (SSA)
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Works Progress Administration (WPA)
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Townsend Act
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Revenue Act
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Detailed explanation-1: -Social Security Act, (August 14, 1935), original U.S. legislation establishing a permanent national old-age pension system through employer and employee contributions; the system was later extended to include dependents, the disabled, and other groups.
Detailed explanation-2: -(a) life and disability cover; (b) health and maternity benefits; (c) old age protection; and (d) any other benefit as may be determined by the Central Government. (2) The schemes included in the Schedule 1 to this Act shall be deemed to be the welfare schemes under sub-section (1).
Detailed explanation-3: -The Social Security Retirement benefit is a monthly check that replaces part of your income when you reduce your hours or stop working altogether. It may not replace all your income so it’s best to identify other ways to pay for your monthly expenses as you age.