aug 14, 1935 - Social Security Act
Description:
On August 14, 1935, the Social Security Act established a system of old-age benefits for workers, benefits for victims of industrial accidents, unemployment insurance, aid for dependent mothers and children, the blind, and the physically handicapped. The Great Depression exposed the need to make this a federal matter as these people used to only be covered by state or family matter. Today, it is the nation’s most important and expensive domestic program helping over forty-nine million Americans.Added to timeline:
Date:
aug 14, 1935
Now
~ 90 years ago