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​What Was the Purpose of the Social Security System, as Proposed

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​What was the purpose of the Social Security system, as proposed by FDR?


Definitions:

Variable Level

Refers to an attribute or factor that can change in value over time or across different situations.

Specified Formula

A precisely defined mathematical equation or method used to solve a problem or determine an outcome.

Financial Asset

An intangible asset whose value is derived from a contractual claim, such as stocks, bonds, or bank deposits.

Debt Securities

Financial instruments that denote money owed by the issuer to the holder, typically involving regular interest payments and a return of principal at maturity.

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