THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
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Question
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Social Security Act
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Social Service Act
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Stock Market Advice
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CCC
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Detailed explanation-1: -The Social Security Act of 1935 is a law enacted by the 74th United States Congress and signed into law by US President Franklin D. Roosevelt. The law created the Social Security program as well as insurance against unemployment. The law was part of Roosevelt’s New Deal domestic program.
Detailed explanation-2: -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.
Detailed explanation-3: -Benefits. After attaining the age of 60 yrs, beneficiaries are entitled to receive minimum monthly assured pension of Rs.3000/-. On death of the beneficiary, spouse is eligible for 50% monthly pension. If husband and wife, both joins the scheme, they are eligible for Rs. 6000/-monthly pension jointly.