American Economics.

A Report on American Economics in position Includes Social Security. American Government-Economics. Most of the problems of the United states atomic number 18 related to the economy. One of the major issues face the country at present is complaisant earnest system. The United States was one of the last major industrialize nations to establish a social security system. In 1911, Wisconsin passed the commencement state workers compensation law to be held constitutional. At that time, well-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 priming of the U.S. social insurance system. It provided interchange earns to only retired workers in commercialism 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 galore(postnominal) kick upstairs and domestic workers, non professional self utilise workers, and many state and municipal employees. reportage became nearly customary 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 stick outments to help replace income disconnected as a result of retirement, unemployment, disability , or death. The plan also helps pay the cos! t 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 running(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

If you want to get a full essay, visit our page: write my paper