Which policy provided retirement and unemployment benefits during the New Deal era?

Which policy provided retirement and unemployment benefits during the New Deal era?

• A. Civilian Conservation Corps
• B. Public Works Administration
• C. Social Security
• D. Federal Deposit Insurance Corporation

Answer: (C)

Social Security created a retirement safety net and unemployment protection during the New Deal era. The Social Security Act of 1935 established old-age insurance and unemployment compensation, funded by payroll taxes shared by workers and employers, to provide income for retirees and a support system for the unemployed during the Depression. This set up a lasting framework for economic security beyond work income. The other programs served different purposes: the Civilian Conservation Corps offered temporary jobs for young men in conservation projects; the Public Works Administration financed large public construction to stimulate demand; the Federal Deposit Insurance Corporation protected bank deposits to restore trust in the financial system. So the policy that directly provided retirement and unemployment benefits is Social Security.

Social Security created a retirement safety net and unemployment protection during the New Deal era. The Social Security Act of 1935 established old-age insurance and unemployment compensation, funded by payroll taxes shared by workers and employers, to provide income for retirees and a support system for the unemployed during the Depression. This set up a lasting framework for economic security beyond work income. The other programs served different purposes: the Civilian Conservation Corps offered temporary jobs for young men in conservation projects; the Public Works Administration financed large public construction to stimulate demand; the Federal Deposit Insurance Corporation protected bank deposits to restore trust in the financial system. So the policy that directly provided retirement and unemployment benefits is Social Security.