USA HISTORY

THE ROARING 20S 1920 1929

AMERICAN ORGANIZED CRIME OF THE 1920S

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Identify 3 benefits of the Social Security Act (PART OF NEW DEAL)
A
Old age compensation for retired workers (65 years or older)
B
Universal income
C
Unemployment compensation
D
Financial aid for disabled workers
E
Medicare for all
Explanation: 

Detailed explanation-1: -Social Security replaces a percentage of a worker’s pre-retirement income based on your lifetime earnings. The amount of your average wages that Social Security retirement benefits replaces depends on your earnings and when you choose to start benefits.

Detailed explanation-2: -Generally, India’s social security schemes cover the following types of social insurances: Employee provident fund. Health insurance and medical benefit. Disability benefit.

Detailed explanation-3: -The key measures of the Second New Deal were the Social Security Act, the Works Progress Administration (WPA), and the Wagner Act. The Social Security Act for the first time established an economic “safety net” for all Americans, providing unemployment and disability insurance and old-age pensions.

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