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11-03-2021
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What was the social security act in 1935

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11-03-2021

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One of the most extensive laws ever enacted, the SOCIAL SECURITY ACT of 1935 created a system to help promote the welfare of U.S. citizens. It was part of Roosevelt's second New Deal. Social Security provides benefits, including a pension system for retirement, a system of unemployment compensation, and assistance for the disabled. These benefits are subsidized by income tax with holdings.

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