American Economics.

A Report on American Economics in position Includes Social Security. American Government-Economics. Most of the problems of the United states be related to the economy. One of the major issues face the country at present is hearty warrantor. The United States was one of the last major industrialise nations to establish a social security system. In 1911, Wisconsin passed the premiere state workers compensation law to be held constitutional. At that time, nigh Americans believed the government should not have to care for the aged, disabled or needy. But such attitudes changed during the Great Depression in the 1930s. In 1935, sex form passed the Social Security Act. This law became the floor of the U.S. social insurance system. It provided interchange do goods to only retired workers in work or industry. In 1939, Congress amended the act to benefit and dependent children of retired workers and widows and children of deceased workers . In 1950, the act began to cover legion(predicate) kick upstairs and domestic workers, non professional self active workers, and many state and municipal employees. reportage became nearly planetary in 1956, when lawyers and other professional workers came under the system. Social security is a government architectural plan that helps workers and retired workers and their families achieve a degree of economic security. Social security too called social insurance (Robertson p.

33), provides cash fall inments to help replace income disconnected as a result of retirement, unemployment, disability, or death. The weapons platform also helps p ay the cost of medical care for bulk age 65! or older and for some disabled workers. About one-sixth of the people in the United States fetch social security benefits. People become eligible to receive benefits by working(a) in a certain period in a job covered by social security. Employers and workers finance the program through payroll taxes. Participation... If you want to get a broad(a) essay, pronounce it on our website: OrderCustomPaper.com

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