HIST 4205 10-06-06 - HIST 4205 Dr Francis Townsend Old Age...

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HIST 4205 10-06-06 Dr. Francis Townsend Old Age Revolving Pensions Upton Sinclair End Poverty in California (EPIC) Liberty League 1934 Midterm election Second New Deal Works Progress Administration (WPA) Critics of the New Deal Dr. Francis Townsend Medical doc in California Relief for elderly Old Age Revolving Pensions retire the aged, put youth to work” 1933 All persons 60+ would retire All 60+ would then receive $200 a month every month from gov’t Had to spend it before the end of the month to keep getting it If married, you’d get $400 Financed on 2% tax on business transactions Attractive to many American Wouldn’t have to work Wouldn’t be in competition with younger workers Wouldn’t be a burden to their children Would stimulate the economy Townsend clubs 5000 clubs by 1934 2 million members by 1934 Had some political clout All members of US House from CA were supported by townsend club members Jan 1935 – one of them proposed a bill in Congress Different from huey long – he never did
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