1. American Econimics
... , most Americans believed the government should not have to care for the aged, disabled or needy. But such attitudes changed during the Great Depression in the 1930's. In 1935, Congress passed the Social Security Act. This law became the basis of the U.S. social insurance system. It provided cash benefits to only retired workers in commerce or industry. In 1939, Congress amended the act ... insurance to continue on a financially steady course. The government, then, is in a totally unique position to pay out benefits that would be out of the reach of many American families. Another great ...
- Word Count: 2165
- Approx Pages: 9
- Grade Level: High School