Which of the following was true before the social security act of 1935?

Asked by wiki @ in History viewed by 352 People

a. Retired Americans were provided for by the government.
b. Very few retired Americans needed financial help.
c. Very few retired Americans had a guaranteed income.
d. Retired Americans lived on pensions from their former employers.

Answered by wiki @

Answer:

c. Very few retired Americans had a guaranteed income.

Explanation:

The Social Security Act, marked into law by President Franklin D. Roosevelt in 1935, made Social Security, a government wellbeing net for elderly, unemployed and disadvantaged Americans.

Amid the 1930s, America endured the most exceedingly terrible economic depression in US history. Many individuals lost their employment or life investment funds on account of elements like bank terminations and the Stock Market Crash of 1929. This money related ruin brought about numerous Americans losing their life reserve funds or retirement funding.

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