Franklin Roosevelt and the New Deal Explained — Fexingo History
In episode 168, Lucas and Luna explore a little-known but crucial battle over how to fund Social Security in 1935. They unpack the debate between pay-as-you-go and full reserve funding, the role of Secretary Henry Morgenthau Jr., the famous 'Ida May Fuller' first check, and the lasting impact of the decision to build a massive trust fund. Along the way, they touch on the Townsend Plan's alternative, the internal administration fight, and why the reserve controversy still echoes in today's Social Security debates. A focused look at the money behind the New Deal's most enduring program. #SocialSecurity #FDR #NewDeal #HenryMorgenthau #IdaMayFuller #TownsendPlan #TrustFund #PayAsYouGo #FullReserve #1935 #SocialSecurityAct #FiscalPolicy #GreatDepression #FrancesPerkins #WagnerAct #History #FexingoHistory #USHistory Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]
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