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aug 12, 1935 - Social Security Act

Description:

David Kennedy refers to this as "epochal" and "one of the most complicated and far reaching laws ever to pass Congress." Its nuts and bolts would provide security income for the elderly and unemployment insurance for workers. By 1939, some 45 million Americans were eligible for social security upon retirement. In 2003, Congress passed legislation further expanding Social Security (Medicare) benefits.

Added to timeline:

11 May 2018
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Date:

aug 12, 1935
Now
~ 90 years ago