11. What was the Social Security Act of 1935? A. A law to regulate banks and the stock market B. A tax relief program for businesses C. A pension system for retired people 65 or older D. A federal housing assistance program

## Step 1<br />The Social Security Act of 1935 was a significant piece of legislation in the United States. It was designed to provide financial security for the elderly and unemployed. The Act established a pension system for retired individuals who were 65 or older, as well as benefits for the unemployed.<br /><br />## Step 2<br />Option A suggests that the Act was a law to regulate banks and the stock market. This is incorrect. The regulation of banks and the stock market was primarily addressed in other legislation, such as the Glass-Steagall Act.<br /><br />## Step 3<br />Option B suggests that the Act was a tax relief program for businesses. This is also incorrect. The Social Security Act was not focused on tax relief for businesses.<br /><br />## Step 4<br />Option D suggests that the Act was a federal housing assistance program. This is incorrect as well. The Social Security Act did not establish a federal housing assistance program.