Retirement, Survivors, Disability Insurance
Encyclopedia
Retirement, Survivors, Disability Insurance (RSDI) was part of Franklin D. Roosevelt
's New Deal
during the Great Depression
.
The insurance took to the form of social security payments for widows with a family to support, the handicapped and others in need of money who were not able to support themselves. It was enacted in 1935.
Franklin D. Roosevelt
Franklin Delano Roosevelt , also known by his initials, FDR, was the 32nd President of the United States and a central figure in world events during the mid-20th century, leading the United States during a time of worldwide economic crisis and world war...
's New Deal
New Deal
The New Deal was a series of economic programs implemented in the United States between 1933 and 1936. They were passed by the U.S. Congress during the first term of President Franklin D. Roosevelt. The programs were Roosevelt's responses to the Great Depression, and focused on what historians call...
during the Great Depression
Great Depression in the United States
The Great Depression began with the Wall Street Crash of October, 1929 and rapidly spread worldwide. The market crash marked the beginning of a decade of high unemployment, poverty, low profits, deflation, plunging farm incomes, and lost opportunities for economic growth and personal advancement...
.
The insurance took to the form of social security payments for widows with a family to support, the handicapped and others in need of money who were not able to support themselves. It was enacted in 1935.