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    Dr. Francis Townsend proposed the Old Age Revolving Pension in letter to a long beach, California newspaper in early 1933. This plan called for creating jobs for the young, unemployed Americans, by retiring people over the age of 60. The retired seniors would then receive a monthly check for $200, to live off of during their retirement.

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    Dr. Francis Townsend proposed the Old Age Revolving Pension in letter to a long beach, California newspaper in early 1933. This plan called for creating jobs for the young, unemployed Americans, by retiring people over the age of 60. The retired seniors would then receive a monthly check for $200, to live off of during their retirement.

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    10 views3 pages

    Question 2 Veronica

    Uploaded by

    api-283661905
    Dr. Francis Townsend proposed the Old Age Revolving Pension in letter to a long beach, California newspaper in early 1933. This plan called for creating jobs for the young, unemployed Americans, by retiring people over the age of 60. The retired seniors would then receive a monthly check for $200, to live off of during their retirement.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    NewDealGripeChart

    Dr.FrancisTownsend
    Dr.FrancisTownsend,
    fromLongBeach,
    California,proposedthe
    OldAgeRevolving
    PensioninlettertoaLong
    Beach,California
    newspaperinearly1933,
    whichwasaproposalfor
    state-fundedold-age
    pensions.Thisplancalled
    forcreatingjobsforthe
    young,unemployed
    Americans,byretiring
    peopleovertheageof60.
    Theretiredseniorswould
    thenreceiveamonthly
    checkfor$200,toliveoff
    ofduringtheirretirement.
    Theretireeshadtospend
    theentiresumof$200
    withinamonth,inorder
    togetthenextmonths
    income.Dr.Townsend
    claimedthatthisplan
    wouldboosttheeconomy,
    asitwouldcreatejobsand
    supportAmericas
    hardworkingseniorswith
    aproperpension.
    Thisplangatheredmany
    supporters,asitaddressed
    amajorsocialproblem
    thatneededasolutionin

    Fr.CharlesCoughlin
    FatherCharlesCoughlin
    wasapopularradio
    hostduringthistime
    fromDetroit
    HesupportedtheNew
    DealandRooseveltbut
    turnedagainst
    Rooseveltwhenhe
    refusedtonationalize
    thebankingsystemand
    provideforthefree
    coinageofsilver
    Coughlinusedhisradio
    program
    TheHourof
    Power
    toinducehis
    followerstovotefor
    Rooseveltinthe1932
    presidentialelections.
    Rooseveltwas
    distrustfulofCoughlin
    fromthebeginningand
    onlywantedhis
    endorsementtohelpget
    elected.
    CoughlinattackedNew
    Dealreformsand
    wantedmorefederal
    controlofthecountrys
    economicsystem.
    Heturnedanti-Semitic
    andblamedJewsforthe
    GreatDepression
    FormedtheNational

    SenatorHueyLong
    SHAREOURWEALTH
    planandmovement:
    threatenedtodrawoff
    Democraticsupportfrom
    thereelectionofFDR.
    Feb.1934:Heunveiled
    hisplanwhichwas
    meanttoprovidea
    decentstandardof
    livingtoall
    Americansby
    spreadingthewealths
    ofthenationamong
    thepeople.
    Hismottowas
    EVERYMANA
    KINGashe
    proposeda100%
    taxonpersonal
    fortunesthatare
    greaterthanmillion
    dollars.
    Heusedstrong-arm
    tacticstointimidatethe
    legislatureintoproviding
    roadsandbridgestothe
    poorerpartsofthestate.
    Healsoadvocatedfree
    highereducation,
    vocationaltraining,
    pensionsfortheelderly,
    healthcare,andstipends
    forfamilies.

    Americaatthetimeofthe
    GreatDepression-
    povertyamongthe
    elderly.Dr.Townsends
    letterledtoestablishment
    ofanorganizationthat
    containedthesupportof
    morethan25million
    Americansaswellasthe
    developmentofaformal
    TownsendPlan.The
    TownsendPlanwasthen
    publishedasapamphletto
    bedistributedallacross
    theUnitedStates.
    TheTownsendPlan
    Organizationsaw
    PresidentFranklinDelano
    Rooseveltasanallyand
    Dr.Townsendexpected
    FDRtosupporthisplan.
    ButRooseveltsawthe
    planasimpractical,and
    thereissomeevidenceto
    provethattheSocial
    SecurityActin1935was
    passedbythepresidentin
    ordertodecreasethe
    increasinginfluenceofthe
    TownsendPlan.Townsend
    andhissupportersdidnot
    liketheSocialSecurityAct
    becausethebenefitsto

    seniorcitizenswereless
    thanthe$200permonth
    thattheTownsendPlan
    hadproposed.
    Additionally,Dr.

    UnionforSocialJustice
    Principlesforthe
    NationalUnionfor
    SocialJustice
    libertyof
    conscienceand
    education;
    nationalizationof
    resourcestoo
    importanttobe
    heldby
    individuals;
    abolitionofthe
    FederalReserve
    Board;
    returnto
    Congressthe
    righttocoinand
    regulatemoney;
    rightsofworkers
    toorganize
    unions;
    requisitionof
    wealthand
    conscriptionof
    menintimesof
    war;
    andtheprinciple
    thathumanrights
    shouldoutweigh
    propertyrights.

    Townsenddidnotlikethe
    factthatAmericanshadto
    workundertheSocial
    Securityprogramtoearn
    incomesintheir
    retirements.

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