Question

What did the Social Security Act of 1935 do?

paid employers for letting people retire
set up a fund for retired Americans
required retirees to continue to work
encouraged the organization of labor unions

Answer 1

Set up fund for retired Americans

Answer 2

Set up a fund for retired Americans

Step-by-step explanation:

The Social Security Act was signed into law by President Roosevelt in 1935. It aimed to create Social Security that was a safety net for elderly, unemployed and disadvantaged Americans.

The act wanted to pay financial benefits for retirees over 65 years old based on their payroll tax contributions.

It also structured the Social Security Administration.