Analysis of a Stakeholder

On August 14, 1935 in Austin, Texas, President Franklin D. Roosevelt inked his signature on the Social Security Act. It was originally implemented to resolve problems with unemployment, old age insurance, and public health and welfare. The Great Depression was the catalyst for the creation of the Social Security program, and the basic structure was very similar to Germany’s social insurance programs from the 1880s. Today, social security is mostly used for retired senior citizens starting at the age of 62. At 62, American citizens can begin to collect, but will only receive 35% of their monthly benefit due, rather than the maximum amount of 50% when they reach the full retirement age of 66. (cite) In addition, social security is dispersed to about 14 million disabled people under the age of 62, who can no longer work in the labor force for various reasons. The people who qualify as disabled are just a small percentage of those collecting compared to senior citizens, and are often not mentioned when social security issues are brought up because of their minute effects on social security distribution.

Social security is not an exclusive policy for only older adults, but includes the American working class, our American children, the American’s who have lost a loved one¬¬¬¬¬¬¬—and are now receiving life insurance from Social Security, and the disabled American’s who have been victims of work injuries and health problems. According to the Social Security Administration report of June 2015, one in every six U.S. residents, collected Social Security benefits (i.e. approximately 60 million people). Approximately 319 million people live in the United States. In essence, roughly a fifth of our population is accommodated for under the umbrella of Social Security. President Franklin Roosevelt enacted the policy of Social Security during a time of great change for the American working class. It offered a successful program that would administer to those entering retirement, social insurance protection for workers who become disabled and to families’ morbid main income earners.

The Social Security Act of 1935, signed by Franklin D. Roosevelt, created a program that included social insurance programs, as well as public assistance. Both programs came about due to the depression and were created as part of the New Deal to benefit the citizens who needed assistance. While both programs were created to assist the public, each program had different eligibility requirements and accomplished different tasks.

Under the provisions of the Act law of 1935.Which President Roosevelt appoints three-members to run the Social Security Board. Over several years Social Security would be modified on retirement, disability and other aid programs. The government would take on the responsibility of taxing the income of all working Americans and returning the money through numerous public benefits and programs. Social Security benefits refer to all those measures established by the government through legislation that help an individual or household to maintain an income of a certain level, insure income if one 's employment is lost, provide other assistance for disability, old age,

A landmark change in providing for the elderly came in 1935 with Franklin D. Roosevelt 's Social Security Act. While this provided aid to people with disabilities and mothers with children, aid was also mainly intended for the elderly. The premise of the act was that an individual would pay into the government through the years that they worked and upon retiring that person would receive benefits. Elderly Americans relied on this system to help pay for expenses that they might incur after they reached an age where they could no

In 1935 the Social Security Act was established to provide Old Age Assistance and Old Age Survivors Insurance and in 1950, then President Truman, held the first of all National Conferences on Aging and the first federal social service programs were funded for the

The social security act was created by President Franklin D. Roosevelt so that he could put in place provisions in order to help the elderly. The social security act a document that helps impoverished citizens, such as the elderly and physically impaired receive benefits after retirement. Citizens’ in America during the great depression where expected to work weather elderly or physically disabled. These citizens weren’t afforded the financial stability to retire so work was a necessity to acquire money. “Prior to social security, the elderly routinely faced the prospect of poverty upon retirement” (U.S SSA). This effect of the great depression led to a lot death and homes turning into singled parent homes with no income. “The widespread

Finally, after almost a half a decade into the Great Depression in 1935 President Franklin D. Roosevelt and his administration suggested to Congress that a consistent federal social welfare program was needed in the United States of America. The president’s new deal would give work relief to those citizens in financial need. On August 14th, 1935 the Social Security Act was passed as a bill by Congress. The bill was eventually enforced by the year 1939 just a few years before the attack on Pearl Harbor and the United States was about to enter World War II.

Roosevelt and his Economic Crisis Committee, in 1935, came up with the simple idea of providing benefits to the generation of retired workers from tax money of currently working generation. Roosevelt put this straightforward idea into the system to make it work, and it surprisingly has worked out well so far. When the bill became a law in 1935, there were many people who were affected by the Great Depression and sought financial aid. Unlike the bank money that goes in loans and still depositor have access to the money; Social Security System passes out collected money immediately into benefits (“Social Security System”). This way, the working generation will always provide enough money to the fund. Rather than providing money from government fund, idea of benefiting citizens from their own money didn’t receive

Before the 1930’s, the care for the elderly was of family or local concern. Following the economic crash of the Great Depression, some of the many “dangers” in life, including poverty, unemployment, and old age, were faced head on through the actions of the New Deal. The New Deal, created by President Franklin D. Roosevelt, set up a series of domestic programs to decrease unemployment rates and salvage what was left of the economy. The poverty rate of the elderly exceeded 50 percent and the stock market crash destroyed many Americans savings, thus the Social Security Act was created. This act provided aid to dependent children, unemployment and disability insurance, and pensions for the elderly. An issue with this system was that it might seem like a welfare program rather than an insurance program. To combat this issue, the social security funds would be from payroll taxes from employers and workers. Younger generations would finance the fund and would benefit from the system once they turned 65. Although this was a much-needed system, especially after the Great Depression, many still opposed this idea. People argued that this act would cause a loss of jobs and that it reeked of socialism. The argument was rebutted when proponents of the act proved how it would act as an incentive for the elderly to retire, thus creating more job openings for younger generations. A major downfall of this act rested on the shoulders of the women and

Unlike many modernized countries, the United States is in a perpetual debate regarding the need for governmental intervention in social matter. This debate has lead to two factions those that feel the government should be more involved in social issues (“big government”), and the other, which feel that government should be less intrusive (“small government”). It is hard to think of life prior to social security, because the act, and its 1965 amendment was before my lifetime. From what I have read, prior to the Social Security Act 1935 people that worked their entire only to lives in poverty once they could no longer worked ("Franklin D. Roosevelt Presidential Library and Museum - Our Documents: The Social Security Act," 2016). This kicked of

The analysis of Lockheed Martin and it’s affect on stakeholders. Corporations have impacts on a variety of people ranging from shareholders, to governments, to ordinary citizens. This paper analyzes the impact Lockheed Martin has on all stakeholders, both positive and negative.

To produce a set of recommendations in a written document about how McDonalds PLC, can reduce its carbon footprint through the management of key stakeholder relationships.

Nowadays, we are facing a major experiment in privatization. For example, private companies have entered the business of managing public schools, or religious schools. Also, they even run in prison industry. Among them is Private Prison Corporation of America, which is growing fast in prison industry in the United States. Especially, immigration detention business has brought up massive profit for Private Prison of America. Therefore, corporation is planning to join other private prison corporations by making campaign donation and retaining lobbyist to draft and seek the passage of two laws about anti-illegal immigrant and the Intensive Probation Act that will increase opportunities to do

In the 1930s, Franklin D. Roosevelt was elected as our 32nd president. One of his first acts as president was, he sent 15 major bills to congress to try and pick up the mess that our previous president, Herbert Hoover, left for us (Glencoe The American Vision 652). One of those major bills were Social Security, Social Security includes programs within itself as well. Such as, the Supplemental Security Income Act. The Supplemental Security Income Act has helped over a thousands of people who are blind,