jan 1, 1935 - 1935: SOCIAL SECURITY ACT PASSED

Description:

The Social Security Act was signed into law by President Roosevelt on August 14, 1935. In addition to several provisions for general welfare, the new Act created a social insurance program designed to pay retired workers age 65 or older a continuing income after retirement.

Reference:
Social Security. (n.d.). Retrieved May 16, 2020, from https://www.ssa.gov/history/briefhistory3.html

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