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aug 14, 1935 - Social Security Act

Description:

The Social Security Act was created as a "Federal old-age benefits". FDR's plan was to create a retirement account for every American that would be collected and invested by the United States government. This law also extended benefits to those with disabilities and the unemployed.

Added to timeline:

7 Jun 2018
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Date:

aug 14, 1935
Now
~ 90 years ago