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

1 answer

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.