Unit 4 IDs - 1 Social Security Act was signed into law by FDR in 1935 This provided retirement payments for enrolled workers beginning at age 65 It also

Unit 4 IDs - 1 Social Security Act was signed into law by...

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1. Social Security Act was signed into law by FDR in 1935. This provided retirement payments for enrolled workers beginning at age 65. It also set up a federal-state system of unemployment insurance, care for dependent mothers and children, and disabled individuals. It was significant because it provided benefits to millions of Americans and it was one of the nation’s most successful and effective programs. 2. Franklin D. Roosevelt won the Election of 1932 and became the 32nd president of the United States. He was president during the majority of the Great Depression. He promised a New Deal to the American people. He was significant because his New Deal introduced a wave of reforms and recovery measures to help the American economy. 3. Dow Jones Industrial Average is the method in which the prices of stocks and bonds is tracked on the stock market. The Dow Jones began to plummet in late 1929 resulting in mass-selling stocks with no one to sell to. This was significant because it was one of the key events that led to the Great Depression.
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