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New Deal: the Security Act of`1935. The act created the United States' first national old age insurance system. Beginning in 1937, taxes were paid by employers and employees into a fund that would be used to assist workers upon retirement. The first payments were to begin in 1941 but this was later moved up to 1940. The act also included provisions that created a national system of unemployment compensation and that gave federal grants to states for categorical welfare programs (for example aid to single mothers, the blind and the elderly). Politically, the social security act if often credited with helping make the Democratic Party the majority party for a generation.

 

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"Social Security Measure To Provide For Old Age Signed By Pres. Roosevelt" article from Greenfield Daily Recorder-Gazette

publisher   Greenfield Daily Recorder-Gazette
date   Aug 14, 1935
location   Greenfield, Massachusetts
height   7.75"
width   6.0"
process/materials   printed paper, ink
item type   Periodicals/Newspaper
accession #   #L08.047


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See Also...

"Federal Grants Pour Into Towns For WPA Plans" article from Greenfield Daily Recorder-Gazette newspaper

"Town Welfare Costs Far Below 1933 But Old Age Equals Entire 1924 Bill" article from Greenfield Daily Recorder-Gazette newspaper

"Alphabet Soup" editorial from Greenfield Daily Recorder-Gazette newspaper


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