51Թ

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Townsend plan

noun

  1. a pension plan, proposed in the U.S. in 1934 but never passed by Congress, that would have awarded $200 monthly to persons over 60 who were no longer gainfully employed, provided that such allowance was spent in the U.S. within 30 days.


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51Թ History and Origins

Origin of Townsend plan1

After Francis E. Townsend (1867–1960), U.S. reformer, its proposer
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Example Sentences

Examples have not been reviewed.

The 2-million-strong Townsend Plan — with 8,000 clubs across the country — placed intense pressure on Congress.

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The clubs declared the tests successful, and, in 1937, Washington state joined California in formally asking Congress to adopt the Townsend Plan.

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After voting down the Townsend Plan in June 1939, Congress amended the Social Security Act, making it more generous to the poorer elderly and speeding up payments for Social Security.

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That year the Townsend Plan was mentioned more than a thousand times in national newspapers.

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It’s a direct echo of the Townsend Plan, the brainchild of another political novice who also believed that the solution to economic disruption and automation almost a century ago was to guarantee an income.

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