Question

Which New Deal agency created a system of insurance for the elderly?
Select one:
a. Public Works Administration
b. Social Security Administration
c. National Labor Relations Board
d. Federal Deposit Insurance Corporation

Answer 1

Your answer would be B.Social Security Administration...after their retirement they get a pension and a unemployment insurance system....

Answer 2

Answer:

The Correct Answer is B.

"Social Security Administration"

Explanation:

• Social Security Administration was established in the year 1935 as an independent agency.
• Its primary responsibilities were for old-age insurance, unemployment compensation, and public assistance.
• Social security is financed through payroll taxes.
• It provides for medical care and medicine and in some cases also pay a stipend for the elderly people.