Question

Explain one example of action taken by the Roosevelt administration during the Great Depression in the following areas:

Finance or trading on stock market
Employment
Welfare for the elderly

Answer 1

Answer below

Explanation: For the elderly, Roosevelt created the Social Security Administration. This program provides direct financial assistance to elderly American citizens. This program also results in the development of each citizen having a social security number, which is an important piece of information that allows the government to keep records of American citizens. As for employment, Roosevelt addressed the unemployment problems. He created a Federal Emergency Relief Administration. This provided direct assistance to the states, to pass it on to those out of work. The work relief program provided jobs for those people. As for finance, Roosevelt put new constraints and safeguards on the banking industry and efforts to re-inflate the economy after prices had fallen.

Answer 2

Franklin D. Roosevelt, in his New Deal, made one of the most popular social programs to help the elderly. This is called the Social Security Administration.

The Social Security Administration still exists today. This program provides direct financial assistance (aka money) to elderly American citizens. All American citizens pay into this system through taxes and are able to receive money from this agency once they reach a certain age. This program also results in the development of each citizen having a social security number, which is an important piece of information that allows the government to keep records of American citizens.