Question
Which of these is Not true about the Social Security Act? (It provided a retirement fund for the elderly; it still exists today; the goal was to reduce stock market abuses like those that led to the 1929 crash; People earn benefits as they work and pay taxes)
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GPT-4o mini
The statement that is **not true** about the Social Security Act is: **"the goal was to reduce stock market abuses like those that led to the 1929 crash."**
The primary aim of the Social Security Act, enacted in 1935, was to provide financial assistance and a safety net for the elderly, disabled, and unemployed, rather than to address stock market abuses. The Act was part of broader reforms during the New Deal, intended to alleviate poverty and economic hardship resulting from the Great Depression.
The primary aim of the Social Security Act, enacted in 1935, was to provide financial assistance and a safety net for the elderly, disabled, and unemployed, rather than to address stock market abuses. The Act was part of broader reforms during the New Deal, intended to alleviate poverty and economic hardship resulting from the Great Depression.
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