THE ROARING 20S 1920 1929
1920S AMERICAN CULTURE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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To help farmers and laborers with medical bills.
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To spend extra money the government had on hand.
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To tax rich business owners.
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To provide a pension for older people when they retired.
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Detailed explanation-1: -The need for a social pension comes from the times of industrial revolution, when the new economic system boosted the mobility of workers, but loosened ties between family members, whose solidarity was protecting people from personal economic deprivation.
Detailed explanation-2: -The program helps millions of the elderly stay out of poverty and cover basic expenses.
Detailed explanation-3: -Advantages of Old Age Pension Plans Guaranteed Income Even When One has Retired: A pension plan serves the purpose of lifestyle maintenance even when one gets retired. By selecting an appropriate plan one can live a financially independent life even when one is not earning in his/her golden years.
Detailed explanation-4: -Its fundamental purpose is to give individuals and families the confidence that their level of living and quality of life will not, insofar as is possible, be greatly eroded by any social or economic eventuality.
Detailed explanation-5: -National Social Assistance Scheme The National Social Assistance Programme is a Centrally Sponsored Scheme of the Government of India that provides solidarity financial assistance to people who are unable to work, widows/widowers and persons with disabilities in the form of social pensions.