Social Security Research Paper During the Great Depression, the economy was crashing, thousands of people were losing their jobs, and businesses went bankrupt. So, on June 8, 1934, President Franklin D. Roosevelt announced to congress that he would provide a program for Social Security. He created the Committee on Economic Security to investigate the problem of the economy and to provide any solutions to this problem. Eventually, on August 14, 1935, President Roosevelt passed the Social Security Act. The …showed first 75 words of 898 total…

…showed last 75 words of 898 total…to pay for it. This would be a probable solution because these people, who have that much of an asset or make that much money, do not need social security for themselves, and they could afford to pay for others less fortunate then themselves. Also, if for some reason they lose their job or become bankrupt, then when they receive the test again the next year, they may then be allowed to receive Social Security.