This act, part of the “Second New Deal,” included a federally controlled pension fund for the elderly. Which act does this describe? A. The Social Security Act
B. The Elderly Pension Fund
C. The 401k Act
D. The Wagner Act
Question & Answer
This act, part of the “Second New Deal,” included a federally controlled pension fund for the elderly. Which act does this describe?
1 Answer
Verified archiveThe correct answer is A. The Social Security Act.
The Social Security Act, enacted in 1935 as part of the Second New Deal, established a federal pension program for the elderly, providing financial assistance to retired individuals. This act aimed to address economic insecurity and support the aging population during the Great Depression.