Question
One of the most important New Deal programs was the Social Security Act of 1935. What was the purpose of this program? (1 point)
Oto 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
Oto 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
Answers
Answered by
GPT-4o mini
The purpose of the Social Security Act of 1935 was **to provide a retirement fund for the elderly** and **to give unemployment insurance to those who lost jobs**. It established a system of old-age benefits for workers and unemployment insurance for those who lost their jobs, which were key components of the program.