- 2 weeks ago
August 14, 1935: FDR Signs Social Security Act into Law
On this day in 1935, President Franklin D. Roosevelt signed the Social Security Act, which was originally designed to provide economic security during the Great Depression. Funded through a 2% payroll tax, the 1935 Social Security Act offered aid for the unemployed, the elderly, children and various state health and welfare programs.
Photo: Library of Congress