Security Act of 1935. What was the purpose of this program?

Question

options:

to provide a retirement fund for the elderly
to provide a retirement fund for the elderly

to give unemployment insurance to those who lost jobs
to give unemployment insurance to those who lost jobs

to strengthen the value of the dollar with a gold standard
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 Security Act of 1935 primarily aimed to provide a retirement fund for the elderly and to give unemployment insurance to those who lost jobs. Therefore, the correct purposes of the program include:

1. To provide a retirement fund for the elderly.
2. To give unemployment insurance to those who lost jobs.

The Act was part of President Franklin D. Roosevelt's New Deal and aimed at providing financial security during the Great Depression.