Describe New Deal and the Social Security Act 1935

NameInstitutional AffiliationDate
1 The Great Depression was the main factor that led to the development of the Social Security Act of 1935. The elder workers were the ones who were mostly hit by the events that happened. There was no one who had a reliable cash generating from retirement security CITATION Hos10 \l 1033 (Hoskins, 2010). As a way of recovering from the Great effects of the Depression, President Franklin Roosevelt signed the First New Deal between the year 1934-1935 CITATION Lar10 \l 1033 (DeWitt, 2010).The Second New Deal was also signed between the year 1935-1937 as a measure of seeking a long-lasting solutions to the Nation’s Political Economy.
2 On January 17, 1935, President Franklin Roosevelt asked the Congress to pass the Social Security Legislation. Senator Robert Wagner of New York and Representative David Lewis of Maryland introduced bills to the house that reflected the administrations’ reviews CITATION Hos10 \l 1033 (Hoskins, 2010). The legislation therefore countered opposition from the members. Eventually, it was passed on both houses and signed in to law by President Franklin Roosevelt on August 15, 1...