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Social Security Act Of 1935 The Social Security Act was another new deal program It was to provide greater benefits The Social Security Act created a system of old age pensions and unemployment insurance it provided economic security and welfare At the time benefits was probably the only money some people saw for years The Great Depression created widespread suffering Franklin D Roosevelt passed the Social Security Act August 14 1935The Social Security Act gave Federal funds to help the development of programs such as vocational rehabilitation public health services and child welfare services with assistance to elderly and handicapped It did not cover survivors of pensioners or workers who couldnt make contributions During The Depression that took place from the 1930s to 1939 was a full of hard times and despair People lost their jobs because of deflation There was unequal distribution of wealth throughout the US war debts over production in industries and the stock market crash which created financial panic world wide The process of stock fell 40 About 9000 banks went out of business which meant that 9 million savings accounts were empty and no one had any money which meant families starved and people died During The Depression there were very little jobs where families had to move to try to find jobs People moved to places like California and New York Children had to quit school and get jobs and take on some responsibility because there families needed to have more money for them to survive on People had jobs like selling apples on the street they even sold personal positions Families often slept in their automobiles because they had no house to live in People whom did have jobs got laid off fired or the got paid below minimum wages People with jobs who made average wages decreased an average of 60 People were unemployed about 15 million people were jobless During the depression
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