What was the plan of Dr Townsend?
The Townsend Plan promised every senior citizen $200 per month , regardless of past earnings. Under the social insurance program of the Social Security Act a worker whose earnings averaged $100 month for 40 years would collect a Social Security retirement benefit of only $35 month.
What was the purpose of Townsend Plan?
The Townsend Plan promised a retirement pension of $200 a month to every American age 60 or older. Why this is so stunning is that the average monthly wage in 1935 was only about $100 a month. So Townsend was promising retirees a pension that was twice what workers were earning who were still at work.
What was the Townsend Plan quizlet?
created by Dr. Francis Townsend, a former public health official, he proposed that the federal government pay citizens over age 60 a pension of $200 dollars a month, he believed this plan would increase spending and remove people form the labor force, freeing up jobs for the unemployed.
What were the key programs of the Second New Deal and how did Americans affect?
It included programs to redistribute wealth, income, and power in favor of the poor, the old, farmers and labor unions. The most important programs included Social Security, the National Labor Relations Act (“Wagner Act”), the Banking Act of 1935, rural electrification, and breaking up utility holding companies.
Which New Deal program is still in effect today?
The largest programs still in existence today are the Social Security System and the Securities and Exchange Commission (SEC).
Who was Franklin Roosevelt quizlet?
(1882 – 1945) Franklin Delano Roosevelt was the 32nd president of the United States, and the only president to serve more than two terms; from 1933 to 1945. Roosevelt engineered the New Deal, which did much to halt the damages of the Depression, and led the country during World War II until his death in 1945.
What did Dr Francis Townsend want to give citizens over 65 years old?
The Townsend Plan proposed that every person over 60 be paid $200 per month. The Old-Age Revolving Pension fund was to be supported by a 2% national sales tax.
Why was the 2nd New Deal so popular?
why was the second new deal so popular? making it much easier for workers to organize unions and the New Deal included the most sweeping labor laws ever passed, mandating a 40-hour workweek, minimum wage, overtime pay and an end to child labor.
How did dr.francis Townsend contribute to Social Security?
Social Security – the act that established social welfare in American culture – owes its passage, in part, to the efforts of an elderly doctor from California named Dr. Francis Townsend. Townsend developed his own proposal for a generous elderly pension plan, called the Townsend Plan, which turned out to be too good to be true.
What was the purpose of the Townsend Plan?
TOWNSEND PLAN The Townsend Plan was a scheme of old-age pensions devised by Dr. Francis E. Townsend in an effort to alleviate the desperate economic circumstances of the elderly in America and to stimulate a general economic recovery during the Great Depression.
Who was Francis Everett Townsend and what did he do?
Townsend c. 1939. Francis Everett Townsend (/ˈtaʊnzənd/; January 13, 1867 – September 1, 1960) was an American physician who was best known for his revolving old-age pension proposal during the Great Depression. Known as the “Townsend Plan”, this proposal influenced the establishment of the Roosevelt administration’s Social Security system.
Why was dr.townsend against the New Deal?
In response, Dr. Townsend turned against the New Deal, likening some of its actions to Mussolini’s fascism. In hearings before a House subcommittee chaired by Missouri Democrat C. Jasper Bell in the spring of 1936, Townsend was made to look foolish and walked out of the proceedings before they finished.