USA HISTORY

THE GREAT DEPRESSION 1929 1940

THE GREAT DEPRESSION

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which New Deal program set aside savings through taxes for retired Americans?
A
Federal Deposits Insurance Corporation
B
Social Security Act
C
Agricultural Adjustment Act
D
Civilian Conservation Corps
Explanation: 

Detailed explanation-1: -The most important program of 1935, and perhaps of the New Deal itself, was the Social Security Act. It established a permanent system of universal retirement pensions (Social Security), unemployment insurance and welfare benefits for the handicapped and needy children in families without a father present.

Detailed explanation-2: -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.

Detailed explanation-3: -It included programs to redistribute wealth, income, and power in favor of the poor, the old, farmers and labor unions. The most important programs included Social Security, the National Labor Relations Act ("Wagner Act"), the Banking Act of 1935, rural electrification, and breaking up utility holding companies.

Detailed explanation-4: -The New Deal was a set of domestic policies enacted under President Franklin D. Roosevelt that dramatically expanded the federal government’s role in the economy in response to the Great Depression.

Detailed explanation-5: -Answer and Explanation: The correct answer is B: the first new deal tried to restore, basic economic functions, and the second new deal tried to improve people’s lives.

There is 1 question to complete.