Purpose of the Social Security Act

Easy Period 7: 1890–1945 Great Depression

During the Great Depression, the United States faced widespread economic hardship, high unemployment rates, and a crisis of confidence in the banking system. The federal government implemented various programs aimed at providing relief and recovery for the struggling population. One of the most significant programs established under President Franklin D. Roosevelt's New Deal was the Social Security Act of 1935. This program aimed to provide financial assistance to specific groups of people affected by the economic disaster.

Which of the following best describes a primary purpose of the Social Security Act?

To provide funding for public works projects.

To establish a system of old-age pensions and unemployment insurance.

To regulate the stock market to prevent future crashes.

To create a federal program to oversee labor unions.

Hint

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