The Crisis Of The Great Depression Essay

2350 Words Nov 14th, 2016 10 Pages
In the years of the early 1930s, America was fighting to come out from one of the worst economic crisis “The Great Depression”. This was a time where unemployment rates were very high and the economy was at an all-time low. Therefore this lead to an abundance amount of issues one of the main problems had been concerning the elderly and their retirement plans. Workers aged 65 and older tended to be the first to lose their jobs and the last to be rehired during economically difficult times; almost no one had any reliable cash-generating form of retirement security.
This crisis brought upon Social Security, and ever since then it has been a huge success the way it has worked and has helped many families. The act involved many different categories; each of them plays a vital role in today’s economy. Looking into today’s government there has been many new challenges faced that the program will be unable to pay promised benefits beginning in 2035. Due to the ongoing controversy between liberals and conservatives, we need to ensure that there would be a social security for the generations to come because there will always be uncertainties brought upon by unemployment, disabilities, death, and old age.
The Social Security Act was first enacted by President Roosevelt on August 14, 1935, and was supposed to be a part of his plan called The New Deal. He created this act to jump-start the economy after the Great Depression, which left millions unemployed and in poverty. The program…

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