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No. No economists or historians believe Social Security helped end the Great Depression, although some Marxists might believe this. Here is more input:
- Social Security provided an income for retired people. Before it, retirees would live with their family. Although this may have helped individual income, it did not end the Great Depression.
- At best, Social Security is a welfare program. In the opinion of many, it helped retirees and certain indigents deal better with the effects of the depression, i.e. it provided a minimum level of income to some people who could not support themselves.
Wiki User
∙ 16y ago
Wiki User
∙ 14y agoAn economy's status is based on the overall value of the lives of the people that make it up.
If you think War is good for life and general well being, you are insane.
What ended the Great Depression was the end of war, the return of human action to seeking value for self, community and kin, and a reduction in government spending from $98.7 billion in 1945 to $33.8 billion in 1948.
The economy finally got out of its slump in the early 50s.
Wiki User
∙ 9y agoSocial Security was created as part of the New Deal package in response to the great depression. The depression made it clear that senior citizens and the disabled are especially vulnerable populations, so the program was designed to act as a protection for those populations. The first Social Security payments were not made until the great depression had already ended.
Wiki User
∙ 15y agoWWII Started because Hitler was trying to take over the world
World War II began. Back then, nothing could drive an economy like wartime manufacturing.
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What does Ssa stand for in the Great Depression?
In the context of the Great Depression, SSA stands for the Social Security Act, which was a landmark legislation passed in 1935. It established various social welfare programs, including the establishment of a retirement and disability insurance system, unemployment benefits, and assistance to families in need. The Social Security Act aimed to provide a safety net for American citizens during the economic crisis of the Great Depression.
Starvation illness and unemployment during the great depression creation of the social security program?
true
The main reason for the enactment of the Social Security Act of 1935 was the?
suffering caused by the great depression
During what historic time did the united States Congress pass the social security act?
the great depression
What system did president roosevelt set up during the great depression to help the elderly and disabled?
The Social Security Administration
What does Ssa stand for in the Great Depression?
In the context of the Great Depression, SSA stands for the Social Security Act, which was a landmark legislation passed in 1935. It established various social welfare programs, including the establishment of a retirement and disability insurance system, unemployment benefits, and assistance to families in need. The Social Security Act aimed to provide a safety net for American citizens during the economic crisis of the Great Depression.
Starvation illness and unemployment during the great depression creation of the social security program?
true
The main reason for the enactment of the Social Security Act of 1935 was the?
suffering caused by the great depression
What historical time period did the US Congress pass the social security act?
The Great Depression
What provides for an old-age insurance program during the Great Depression?
The Social Security Act.
How did the social security affect Georgia during the great depression?
By providing people that retired with the funds to keep living. funds came from a savings that money is continuously put into throughout your career.
During what historic time did the united States Congress pass the social security act?
the great depression
When was the Social Security act passed?
The Social Security Act was passed in 1935.
What system did president roosevelt set up during the great depression to help the elderly and disabled?
The Social Security Administration
How did the Great Depression affect Belize?
how did the great depression affected Belize
When did the social security act pass?
At approximately 3:30 p.m. on August 14, 1935, the *Social Security Act* became law above President Franklin D. Roosevelt's signature
Who did the social security act help Americans during the great depression?
The social security act was passed during the great depression because i sent so much money buying condomes for i can do her her..........guess it didnt work becuase here you are, and dont be thinking your mother gonna get child support out of me
