Question

Which was Francis Townsend best known for during the New Deal era?

his radio show that criticized the government
his endorsement of Roosevelt’s programs
his advocacy of pensions for the elderly
his authorship of the Conservative Manifesto

Answer 1

The answer is c.his advocacy of pensions for the elderly

Answer 2

The third answer is correct (C).

Francis Townsend was an American writer and physician who created the first embryo of what would become the Social Security Program. During the Great Depression of the 1930s, Townsend suggested that the US government adopt a retirement plan for the elderly. The Old Age Revolving Pension Plan.

According to the Old Age Revolving Pension Plan, the government could fund a retirement plan through a 2% rate on commercial transactions to retire senior citizens with a value between $ 60 to $ 200, an amount that corrected for present value would be up to $ 2,600. In this scenario, the elderly retirees would be compelled to spend their pensions inside the country and would drop the jobs, generating employment to the younger ones. In this way, the economy would be doubly stimulated, with more jobs and income.