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Social Security: A Brief History
Part 1 of Paper
....ression', most Americans throughout the United States were struggling to get jobs, raise their children, and even put food on their own table. Bread lines were forming, America was truly facing difficulties. For years, congress sat back and watched, they tried several things to try and help the American people recover,.... Part 2 of Paper
....e Cabinet Room.
From 1937 until 1940, Social Security paid benefits in the form of a single, lump-sum payment. The purpose of these one-time payments was to provide some "payback" to those people who contributed to the program but would not participate long enough to be vested for monthly benefits. Under the 1935 law, monthly benefits were to begin in 1942, with the period 1937-1942 used both to build up the Trust Funds and to provide a minimum period for participation in order to qualify for mo.... |
| Number of words: 1006 - Approximate pages: 4 |
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