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Townsend plan

   Also found in: Wikipedia 0.01 sec.
Townsend plan: see under Townsend, Francis Everett Townsend, Francis Everett , 1867–1960, American reformer, leader of an old-age pension movement, b. Fairbury, Ill., grad. Univ. of Nebraska medical school, 1903. He practiced medicine in several Western states before he settled (1919) at Long Beach, Calif.
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What sparked the creation of Social Security in 1935 was the Townsend Plan to provide seniors with an income of $200 monthly.
Roosevelt, pressed by Huey Long, the Townsend Plan, and the general distress of the Depression, needed a big bill.
One of the oddest was Francis Everett Townsend, an emigre from Iowa whose Townsend Plan became a rallying cry for thousands of retirees who lost all their savings in the Depression.
 
 
 
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