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.
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