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- Social Security Act
- This country needs to support the safety of the elderly and unemployed workers.
- We put those pay roll contributions there so as to give the contributors a legal, moral, and political right to collect their pensions and their unemployment benefits.
- WOW!
- On August 14, 1935 President Roosevelt signed the Social Security Act without hesitation! The SSA was one of the most significant laws ever enacted.
- PERMANTELY CLOSED
- OUT OF BUSINESS
- CLOSED
- CLOSED FOREVER
- The Social Security Administration (SSA) developed a network of old-age benefits for workers, the unemployed, and victims of industrial accidents. It supported millions who were suffering from poverty or single parents.
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- Stock Market Crash
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- The Great Depression
- The stock began to fall precipitously in October 1929. Investors attempted to sell their stocks, causing stock prices to fall as well. Everyone sold personal items in order to recoup their losses.
- The Great Depression lasted for 4 years and caused severe damage in the economy. A combination of the New Deal and World War II lifted the U.S. out of the Depression.
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