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Social Security And The Great Depression

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Social Security And The Great Depression
Social Security and the Great Depression The Great Depression was a period during American history which featured the largest economic crisis the nation has seen to date. A combination of a massive stock-market crash and failure of the people to invest in government programs left many working ‘paycheck to paycheck’ so to speak, and even more completely unemployed. Banks began to fail, as more and more workers became unemployed, leading the country to a traumatic time of poverty. The Social Security program was arguably the largest leading factor in guiding the Country out of ruin. Passed in 1935 by Franklin D. Roosevelt, this act helped many unemployed Americans to receive financial security and assistance, as well as citizens of an older
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