About: Townsend Plan

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The Townsend Plan was an American scheme in 1933–1936 during the Great Depression in the United States to give every person over age 60 a monthly cash payment of $200. It was devised by Francis Townsend, an elderly California physician. The Plan was promoted by real estate salesman Robert Clements, who made Townsend only a figurehead. It expanded to thousands of clubs in many states and demonstrated a nationwide demand for old-age pensions. The New Deal of President Franklin D. Roosevelt responded with a much more complex system of Social Security that was enacted in 1935 and that achieved many of the same goals on a more frugal basis.

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  • The Townsend Plan was an American scheme in 1933–1936 during the Great Depression in the United States to give every person over age 60 a monthly cash payment of $200. It was devised by Francis Townsend, an elderly California physician. The Plan was promoted by real estate salesman Robert Clements, who made Townsend only a figurehead. It expanded to thousands of clubs in many states and demonstrated a nationwide demand for old-age pensions. The New Deal of President Franklin D. Roosevelt responded with a much more complex system of Social Security that was enacted in 1935 and that achieved many of the same goals on a more frugal basis. (en)
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  • The Townsend Plan was an American scheme in 1933–1936 during the Great Depression in the United States to give every person over age 60 a monthly cash payment of $200. It was devised by Francis Townsend, an elderly California physician. The Plan was promoted by real estate salesman Robert Clements, who made Townsend only a figurehead. It expanded to thousands of clubs in many states and demonstrated a nationwide demand for old-age pensions. The New Deal of President Franklin D. Roosevelt responded with a much more complex system of Social Security that was enacted in 1935 and that achieved many of the same goals on a more frugal basis. (en)
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  • Townsend Plan (en)
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