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A report on American economics
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Most of the problems of the United states are related to the economy. One of the major issues facing the country today is social security. The United States was one of the last major industrialized nations to establish a social security system. In 1911, Wisconsin passed the first state workers compensation law to be held constitutional. At that time, most Americans believed the government should not have to care for the aged, disabled or needy. But such attitudes changed during the Great Depression in the 1930"s. In 1935, Congress passed the Social Security Act. This law became the basis of...
provide them with as much protection. One of the main reasons for the government"s involvement in this program, is its ability and its desire to provide insurance benefits for the poor and widowed, who under the private market, might not be able to acquire the insurance to continue on a financially steady course.

The government, then, is in a totally unique position to pay out benefits that would be out of the reach of many American families.

Another great advantage of this system, is the ability of the government to adjust the benefits for the effects of inflationRobertson p.134

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