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Auction 54 · Lot 289
(Thirty-Second President of the United States of America 1882-1945).
- Estimate
- $500–$700
- Hammer price
- $650
Historical auction record. Hammer prices exclude buyer’s premium and taxes.
author
ROOSEVELT, FRANKLIN D.
printer
24th September
Place
Washington
Publication
1935
summary
The Social Security Act was enacted August 14, 1935. The Act was drafted during Roosevelt’s first term by the President’s Committee on Economic Security and passed by Congress as part of the New Deal. The Act was an attempt to limit what were seen as dangers in the modern American life, including poverty and chronic unemployment. By signing this Act President Roosevelt became the first president to advocate federal assistance for the elderly.” See A. Achenbaum, Social Security Visions and Revisions (1986) p. 25-.