The Evolution of Social Security and Its Impact on American Society

Social Security is a system where people pay taxes to fund government assistance programs. It was established by FDR as part of the New Deal to provide a safety net during economic downturns. The Social Security Act was signed in 1935, and over the years, it has undergone numerous amendments to expand its coverage and benefits. These include dependent benefits, disability insurance, and Medicare. Despite challenges and debates over its sustainability, Social Security remains vital for many elderly Americans, providing economic security in retirement.

What is the primary purpose of the Social Security system?

• To support educational programs

• To provide loans to businesses

• To fund military operations

• To offer financial assistance to the elderly, disabled, and unemployed

Who was responsible for introducing the Social Security Act as part of the New Deal?

• Harry S. Truman

• Dwight D. Eisenhower

• Franklin D. Roosevelt

• Herbert Hoover

What was a key strategy used by the Roosevelt administration to protect Social Security from political attacks?

• Labeling it as a welfare program

• Funding it through corporate taxes

• Establishing it as an insurance program

• Making it optional for citizens

What was the main goal of FDR's New Deal?

• To expand the military

• To provide relief and economic reforms

• To reduce taxes

• To increase international trade

Which amendment added benefits for the dependents of retired workers?

• The 1983 amendment

• The 1935 amendment

• The 1939 amendment

• The 1950 amendment

In what year was the Social Security Disability Insurance Program established?

• 1965

• 1983

• 1956

• 1939

What significant healthcare program was created under President Johnson's administration?

• Medicaid

• Medicare

• Children's Health Insurance Program

• Affordable Care Act

Which president's administration made Social Security payouts subject to taxes?

• Franklin D. Roosevelt

• Lyndon B. Johnson

• George H. W. Bush

• Ronald Reagan

What is a current challenge facing the Social Security system?

• Decreasing number of retirees

• Increasing lifespan of Americans

• Decline in birth rates

• Lack of government funding

How did the Social Security Act change in 1983?

• It reduced benefits for dependents

• It made payouts taxable and raised retirement age

• It introduced a new healthcare program

• It eliminated disability benefits