One of the most important New Deal programs was the Social Security Act of

Question

1935. What was the purpose of this program?
(1 point)
• to provide a retirement fund for the elderly
• to give unemployment insurance to those who lost jobs
• to strengthen the value of the dollar with a gold standard
• to reduce stock market abuses like those that led to the 1929 crash

Answer 1

The purpose of the Social Security Act of 1935 was primarily to provide a retirement fund for the elderly, as well as to give unemployment insurance to those who lost jobs. Therefore, the most fitting option from the list you provided is:

• to provide a retirement fund for the elderly

However, it's important to note that the act also included provisions for unemployment insurance, but the focus on retirement benefits is often the most recognized aspect of the program.