December 27, 2022

CHANGING MODE OF ECONOMIC SECURITY.PART 2

Thomas Paine's logic of common sense appealed to native americans same logic was instrumental to their political independence.Paine's system of agrarian justice based on 10%inheritance tax also partly contributed to economic freedom- social security of post depression era.Civil war pension program,State and company pension programs,Coxey's and Townsend clubs which died a political death made their early impact too.Townsend clubs had 2.2million members within two years of being introduced.The passage of social security act of 1935 accelerated graveyard silence of Francis E.Townsend's vision,buried in dustbin of history.Charles E.Coughlin,had a weekly Radio of 35m.-40m.listeners.The passage of the act destroyed this beautiful dream too.When in 1936,Townsend and Huey Long's Share the weath movement came together to form 3rd party against devil Roosevelt their sworn enemy to contest presidential election of the period and prevent New dealer from being elected,faded as it were into obscurity and finallycrashed.

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