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| Topic: |
Business
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| Number of pages / Number of words: |
22 / 6087 |
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The depression caused a great deal of unemployment, and high inflation rates which caused a problem in the nation's economic life and a fall in prices. The proposal to provide a program for Social Security was introduced by Franklin D. Roosevelt on June 8th, 1934. President Roosevelt proposed this to Congress along with a committee on economic security composed of five people...
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The committee was based on executive order and included the following people: Frances Perkins, Henry Morgenthau, Jr., Henry A. Wallace, Homer S. Cummings, and Harry L. Hopkins. The committee was designed to study all the detail and problems with economic insecurity. On January 17th 1935, the president introduced the report to both houses of Congress, it was passed by both, and the Social Security Act was signed into law on August 14th, 1935...
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