Question
Which act of legislation continues to protect Americans today and makes up a large part of the federal budget, it provides:unemployment insurance, retirement benefits, and special grants to the disabled and orphaned. Agricultural Adjustment Act National Labor Relations Act Fair Labor Standards Act Social Security Act
Solution
4.3
(330 Votes)
Bryce
Master ยท Tutor for 5 years
Answer
The correct answer is the **Social Security Act**.The Social Security Act, signed into law in 1935, established a social safety net for Americans, providing benefits for retirees, the unemployed, and those with disabilities. It continues to be a major part of the federal budget today, funding programs like:* **Retirement benefits:** Monthly payments to eligible retirees based on their work history.* **Unemployment insurance:** Temporary financial assistance for workers who lose their jobs through no fault of their own.* **Disability benefits:** Monthly payments to individuals with disabilities that prevent them from working.* **Survivor benefits:** Payments to the families of deceased workers.The other acts listed address different aspects of labor and economic policy:* **Agricultural Adjustment Act (1933):** Aimed to boost agricultural prices by reducing surpluses. It was later declared unconstitutional.* **National Labor Relations Act (1935, also known as the Wagner Act):** Protected the rights of workers to organize unions and bargain collectively.* **Fair Labor Standards Act (1938):** Established minimum wage, overtime pay, and child labor standards.