Which of the Following Effects of the Social Security Act

question 8

Multiple Choice

Which of the following effects of the Social Security Act of 1935 was the result of lobbying by southern Democrats?

• A) African Americans would be denied benefits disproportionately in comparison to whites.
• B) Working women would be denied benefits disproportionately in comparison to working men.
• C) Housewives and stay-at-home mothers would be denied benefits disproportionately in comparison to working women.
• D) The payroll tax affected the purchasing power of lower-income people disproportionately in comparison to the wealthy.

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Definitions:

Acceleration Clause

A contract provision that allows a lender to require a borrower to repay all of an outstanding loan if certain agreed upon conditions are not met.

Market Value

The price at which an asset would trade in a competitive auction setting, reflecting what a willing buyer would pay a willing seller.

Mortgage

A loan in which property or real estate is used as collateral. The borrower agrees to pay back the loan, with interest, over a set period of time.

Co-Sureties

Multiple parties who join together to provide surety or a guarantee for the performance or obligations of another.