A modern social consciousness demands a more humane and efficient arrangement. Dr. Frances Townsend announces the Townsend Plan for old-age pensions. This Plan soon became a nationwide mass movement and its popularity was one of the factors pushing President Roosevelt to introduce launch the Committee on Economic Security in the summer of 1934. It was sponsored by the President's Committee on Economic Security. President Roosevelt addressed the conference leaders in the White House.
Old age is at once the most certain, and for many people the most tragic of all hazards.
There is no tragedy in growing old, but there is tragedy in growing old without means of support. . . Organizations promoting fantastic schemes have aroused hopes which cannot possibly be fulfilled. John G. Winant, three-time Republican Governor of New Hampshire, became the first Chairman of the new Social Security Board. First Social Security field office opened. Get these facts straight.