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Question 15 (1 point)

One of the most important New Deal programs was the Social Security Act of 1935. What was the purpose of this program?

a
to provide a retirement fund for the elderly
b
to give unemployment insurance to those who lost jobs
c
to strengthen the value of the dollar with a gold standard
d
to reduce stock market abuses like those that led to the 1929 crash

a. To provide a retirement fund for the elderly.

The purpose of the Social Security Act of 1935 was to provide a retirement fund for the elderly. To answer this multiple-choice question, you need to understand the basic purpose of the Social Security Act and its significance in the context of the New Deal. The Social Security Act was one of the most important programs implemented as part of President Franklin D. Roosevelt's New Deal reforms in response to the Great Depression. It aimed to address the economic insecurity faced by the elderly by establishing a national system of social insurance. This program provided a retirement fund, known as Social Security, which offered financial support to retired individuals. Therefore, the correct answer is option a - to provide a retirement fund for the elderly.

The purpose of the Social Security Act of 1935 was to provide a retirement fund for the elderly. (Answer: a)