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The Social Security Act Of 1935 Essay Topics

Also on this day

Lead Story

2003

Blackout hits Northeast United States

On this day in 2003, a major outage knocked out power across the eastern United States and parts of Canada. Beginning at 4:10 p.m. ET, 21 power plants shut down in just three minutes. Fifty million people were affected, including residents of New York, Cleveland and Detroit, as well as...

American Revolution

1776

Stamp Act remembered

The city of Boston observes the 11th anniversary of the popular resistance that prevented the execution of the Stamp Act there on this day in 1776. The celebration included the erection of a pole at the site of the original “Liberty Tree.” The Stamp Act, passed on March 22, 1765, by...

Automotive

1998

Hundred-year-old Michelin Man makes appearance in Monterey

As part of a yearlong celebration of its 100th anniversary, a redesigned version of the Michelin Man–the corporate symbol of one of the world’s largest tire manufacturers, makes an appearance at the Monterey Historic Automobile Races in Monterey, California, beginning on this day in 1998. The history of Michelin dates...

Civil War

1862

Confederate invasion of Kentucky begins

Confederate General Edmund Kirby Smith begins an invasion of Kentucky as part of a Confederate plan to draw the Yankee army of General Don Carlos Buell away from Chattanooga, Tennessee, and to raise support for the Southern cause in Kentucky.Smith led 10,000 troops out of Knoxville, Tennessee, on August 14...

Cold War

1980

Massive labor strikes hit Poland

Workers in Gdansk, Poland, seize the Lenin Shipyard and demand pay raises and the right to form a union free from communist control. The massive strike also saw the rise to prominence of labor leader Lech Walesa, who would be a key figure in bringing an end to communist rule...

Crime

1751

A daughter poisons her father

Francis Blandy falls into a coma and dies in his home outside London, England. Later that night, Blandy’s daughter Mary offered one of the family’s servants a large sum of money to help her get to France immediately. Mary was forced to flee on her own when he refused, but...

1994

The terrorist known as Carlos the Jackal is captured

Terrorist Illich Ramirez Sanchez, long known as Carlos the Jackal, is captured in Khartoum, Sudan, by French intelligence agents. Since there was no extradition treaty with Sudan, the French agents sedated and kidnapped Carlos. The Sudanese government, claiming that it had assisted in the arrest, requested that the United States...

Disaster

1933

Logging accident sparks forest fire in Oregon Coast Range

On this day in 1933, a devastating forest fire is sparked in the Coast Range Mountains, located in northern Oregon, 50 miles west of Portland. Raging for 11 days over some 267,000 acres, the blaze began a series of fires that struck the region at six-year intervals until 1951 that...

General Interest

1784

Russians settle Alaska

On Kodiak Island, Grigory Shelikhov, a Russian fur trader, founds Three Saints Bay, the first permanent Russian settlement in Alaska.The European discovery of Alaska came in 1741, when a Russian expedition led by Danish navigator Vitus Bering sighted the Alaskan mainland. Russian hunters were soon making incursions into Alaska, and...

1900

Peking relieved by multinational force

During the Boxer Rebellion, an international force featuring British, Russian, American, Japanese, French, and German troops relieves the Chinese capital of Peking after fighting its way 80 miles from the port of Tientsin. The Chinese nationalists besieging Peking’s diplomatic quarter were crushed, and the Boxer Rebellion effectively came to an...

Hollywood

1945

Steve Martin born

On this day in 1945, the comedian, actor and writer Steve Martin, who would rise to fame as a “wild and crazy” comedian during the 1970s, is born in Waco, Texas. Martin grew up in California and in his teens worked at Disneyland, where he entertained crowds with magic tricks and...

Literary

1834

Richard Henry Dana sets sail from Boston Harbor

On this day in 1834, 19-year-old Richard Henry Dana, author of Two Years Before the Mast, begins his two-year stint as a seaman. Dana was born in Cambridge and enrolled in Harvard, but a case of the measles in college left his eyes weak. He went to work as a sailor...

Music

1985

Michael Jackson takes control of the Beatles’ publishing rights

It was during their collaboration on 1983’s “Say Say Say” that former Beatle Paul McCartney is said to have advised King of Pop Michael Jackson to invest some of his enormous wealth in music publishing. It was sound financial advice that McCartney may have come to regret giving on this...

Old West

1831

Montana “Vigilante X” is born

John X. Beidler, one of the best known of the notoriously secretive Montana vigilantes, is born in Pennsylvania. Beidler, who preferred to be called simply “X,” had little formal education and tried his hand at a variety of trades. Initially a shoemaker, he also worked briefly as a brick maker and...

Sports

1971

Pitching ace throws first no-hitter

On August 14, 1971, St. Louis Cardinals ace Bob Gibson throws the first no-hitter of his storied career. Gibson’s heroics helped his team sail to an 11-0 victory over the Pittsburgh Pirates. Gibson overcame numerous childhood ailments–including rickets, asthma and a heart murmur–to earn a basketball scholarship to Creighton University after...

Vietnam War

1964

Hanoi prepares for more air attacks

Hanoi is reported to be holding air-raid drills for fear of more U.S. attacks in the wake of the Pierce Arrow retaliatory raids that had been flown in response to the Gulf of Tonkin incident. The North Vietnamese government urged all civilians with nonessential posts to leave the city. In ground...

1965

Seventh Marines land at Chu Lai

The advance units of the Seventh Marines land at Chu Lai, bringing U.S. Marine strength in South Vietnam to four regiments and four air groups. The Marines were given the responsibility of conducting operations in southern I Corps and northern II Corps, just south of the Demilitarized Zone. ...

1972

Former Attorney General Ramsey Clark reports on his tour of North Vietnam

Former Attorney General Ramsey Clark reports after his tour of North Vietnam with the International Commission of Inquiry into U.S. War Crimes in Indochina, that if Democratic candidate George McGovern were elected president in November, all U.S. POWs would be freed by North Vietnam within three months. He further...

1973

U.S. bombing of Cambodia ceases

After several days of intense bombing in support of Lon Nol’s forces fighting the communist Khmer Rouge in the area around Phnom Penh, Operations Arc Light and Freedom Deal end as the United States ceases bombing Cambodia at midnight. This was in accordance with June Congressional legislation passed in...

World War I

1917

China declares war on Germany

On this day in 1917, as World War I enters its fourth year, China abandons its neutrality and declares war on Germany. From its inception, the Great War was by no means confined to the European continent; in the Far East, two rival nations, Japan and China, sought to find their...

World War II

1945

Japan’s surrender made public

On this day in 1945, an official announcement of Japan’s unconditional surrender to the Allies is made public to the Japanese people. Even though Japan’s War Council, urged by Emperor Hirohito, had already submitted a formal declaration of surrender to the Allies, via ambassadors, on August 10, fighting continued between the...

The Past, Present and Future of Social Security Essays

2700 Words11 Pages

Social Security

A Historical View

Social security, the federal retirement system, is one of the most popular government programs in United State?s history. Today, Social Security benefits are the backbone of the nation's retirement income system. The long road to the successful development of social security began in 1935. Before 1935, very few workers received job pensions. Those workers that were covered never received benefits because they were not guaranteed.

Franklin D. Roosevelt signed the original Social Security Act. It comprised of two services: a Social Security retirement benefit that applied only to workers, and a welfare program for the elderly called Old Age Assistance. Social…show more content…

By 1960, seventy eight percent of workers were insured. Nearly universal coverage was reached in 1965. In 1956 disability insurance was added. Women were, also, allowed to retire at 62 with benefits equal to 80 percent of what they would have received at age 65. Men were offered a similar early-retirement benefit program in 1961.

By the mid 1960?s, Social Security had demonstrated success by achieving its primary goal of reducing the percentage of elderly living in poverty. New legislation that included Medicare and Medicaid added to the success of Social Security by increasing the tax base for Social Security and raising benefits by 7 percent, by allowing retirement recipients to work without losing benefits, and by amplifying the definition of disability. In 1969 benefits were raised by 15 percent. In 1972 they were raised by 20 percent. They were, also, indexed to increase at the rate of inflation.

In 1972 the United States suffered an economic downturn. Legislators worked on ensuring that the Social Security program pay all the benefits that had been promised. In 1974 SSI was added as a welfare program, instead of expanding Social Security. The tax rate and the amount of payroll subject to the payroll tax were increased without increasing benefits. In 1983 President Reagan tried to drastically cut retirement and disability

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