QUESTION 8 What was one of the long-term social consequences of the Social Security Act? O It was too generous and has since bankrupted the country O It denied men the right to unemployment, making poverty a disproportionately male problem O It disproportionately excluded African Americans from receiving Social Security O It excluded the elderly from Social Security, making elderly poverty a major problem in the United States for decades
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Social Security Act was created in 1935 by Franklin D. Roosevelt. It was created with the aim of providing financial assistance to the aged citizens of America (through funding from payroll taxes). This act also created a system of basic insurance against unemployment. This act is considered to be important in history because it is a welfarist act that aimed to provide general benefits for the aged population. This act also helped in supporting jobs through the unemployment insurance scheme.
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