USA HISTORY

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 New Deal is often summed up by the “Three Rs”: relief (for the unemployed) recovery (of the economy through federal spending and job creation), and. reform (of capitalism, by means of regulatory legislation and the creation of new social welfare programs).

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.

Detailed explanation-4: -The Social Security Act passed in 1935 and provided direct aid for the destitute elderly and a pension program for many, but far from all, workers. It also provided federal funding for state-operated unemployment insurance programs, as well as aid for the handicapped and for mothers with dependent children.