Final answer:
The 1935 Social Security Act provided financial assistance for the elderly, the disabled, unemployed workers, and impoverished children through a government pension system and various other programs.
Step-by-step explanation:
The 1935 Social Security Act aimed to provide financial assistance for the elderly, the disabled, unemployed workers, and impoverished children. It created a government pension system for retired workers and their dependents, funded through taxes paid by employers and employees. The act also provided matching federal grants for states to create unemployment insurance, a system of financial compensation for injured workers, and direct financial aid for impoverished families with children.
Overall, the Social Security Act of 1935 was a key component of President Roosevelt's New Deal and played a crucial role in establishing a social safety net for vulnerable populations during the Great Depression and beyond.