In 1940, Vermont resident Ida May Fuller became the first beneficiary of Social Security payments. Her first check, number 00-000-001, was for $22.54.
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  US President Franklin D. Roosevelt Forbids Hoarding of Gold (1933)Executive Order 6102 required US citizens and businesses to turn in all but a small amount of gold to the Federal Reserve in exchange for $20.67 per ounce. It came in the midst of a banking crisis, when the stability of paper currency was in doubt. Consequently, many tried to withdraw their money and redeem it for gold, which was considered safer. However, there simply was not enough gold in the US—or the world—to cover the nation's debts. How many people were prosecuted for violating the order? More... Discuss |
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2 comments:
And that's not much less than my first social security check was in 2016!
I once read if they could do away with just half the fraud and waste in the program, people would get nearly $700 bucks more a month.
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