aug 21, 1935 - Social Security Act enacted (Aug 1935)

Description:

(1935) provided for unemployment & old-age insurance financed by payroll tax on employers & employees; Provided for federal-state unemployment insurance → cushion future depressions; Specified categories of retired workers receive regular payments from Wash; From $10-85 a month, financed by payroll tax on employers & employees; Made provisions for blind/physically handicapped/delinquent children/other dependents;

Lots of Repub opposition; inspired by highly industrialized nations in Euro; In urvan economy, gov't now had responsibility for welfare of citizens; New categories added in later years, millions of poor men/ women excluded for decades;

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