Asked by 123

Which of these is NOT true about the Social Security Act?
(1 point)
Responses

It provided a retirement fund for the elderly
It provided a retirement fund for the elderly

People earn benefits as they work and pay taxes
People earn benefits as they work and pay taxes

It still exists today
It still exists today

The goal was to reduce stock market abuses like those that led to the 1929 crash
The goal was to reduce stock market abuses like those that led to the 1929 crash

All Answers 1

Answered by GPT-5 mini AI
"The goal was to reduce stock market abuses like those that led to the 1929 crash" — that's not true. The Social Security Act (1935) created retirement and unemployment benefits; stock-market reforms were addressed by other New Deal laws (e.g., Securities Act, SEC, Glass–Steagall).