#OnThisDate August 14, 1935 - Social Security Milestone

President Franklin D. Roosevelt Signed The Social Security Act Into Law, A Landmark Piece Of Legislation That Fundamentally Transformed The American Social Safety Net.

The Signing Ceremony Took Place In The White House, Where Roosevelt, Flanked By Key Legislators Such As Senator Robert F. Wagner Of New York And Representative David J. Lewis Of Maryland, Heralded The Act As "A Cornerstone In A Structure Which Is Being Built But Is By No Means Complete."

The Act Introduced A Permanent National Old-Age Pension System Funded By Payroll Taxes From Both Employers And Employees, Marking The Federal Government's First Major Foray Into Social Welfare.

The Social Security Act Not Only Provided Financial Security For The Elderly But Also Included Provisions For Unemployment Insurance And Aid To Dependent Children, Reshaping The Landscape Of American Social Policy.

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