Social Security: A Brief History

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Almost every American adult citizen is aware of the Social Security Administration. Every payday, each working American has tax deduction for Social Security on their payroll stubs and these deductions are recorded on their W2 forms at the end of the year. If they have older parents or disabled family members, then they would be aware of Social Security Disability Income (SSDI) and/or Social Security Income (SSI). Many young people are not conscious of life before Social Security, how disabled or elderly citizens lived without Federal assistance or how Social Security came into existence. Like any issue, there are champions and challengers, people will argue over the benefits and the weaknesses of the issue or alternate ideas for the same …show more content…
The Crash of 1929 signaled the beginning of the Great Depression, banks closed, business failed, people lost not only their jobs and income, but their homes and savings, if they had any. One website Shmoop documented the average unemployment rates for the Great Depression:
1929: 3.2% 1930: 8.9% 1931: 16.3% 1932: 24.1% 1933: 24.9% 1934 21.7%
1935: 20.1% 1936: 16.9% 1937: 14.3% 1938: 19.0% 1939: 17.2%
Many factors caused the Great Depression, but resolving unemployment and helping the helpless was critical. During the election of 1933, current President Herbert Hoover was quoted during one election speech “I pledge you – I pledge myself to a new deal for the American People.” (Wolfskill 128) Hoover had his chance but he lost the election to Franklin Delano Roosevelt who would become known by his initials, FDR.
Happy Days
According to George Wolfskill, author of “Happy Days Are Here Again!”, Roosevelt shook up Washington, D.C in his first days in office; first he closed the banks. He called for special sessions of Congress and the Emergency Banking was the first of many new bills to be created. By June of 1933, “Roosevelt had everything he asked for: the Beer and Wine Act, Farm Credit Administration, Civilian Conservation Corps, Federal Emergency Relief Act, Securities Act, Tennessee Valley Authority, Home Owners’ Loan Corporation, Agricultural Adjustment Act, National Industrial Recovery Act, Federal Deposit Insurance Corporation, and the repeal of the

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