The Social Security Act of 1935 is a law enacted by the 74th United States Congress and signed into law by US President Franklin D. Roosevelt.The law created the Social Security program as well as insurance against unemployment.The law was part of Roosevelt's New Deal domestic program.. By the 1930s, the United States was the only modern industrial country without any national system of social . On the basis of this oversimplification, some theorists have proposed that social security developed out of a need peculiar to industrial societies and that there is less need or no need for social security programs in the rural areas of developing countries today. For the APUSH exam, you will need to know what this act was all about. Social Security: A United States federal program of social insurance and benefits developed in 1935. Social security is defined as the security that the society furnishes through appropriate organizations against certain risks to which its members are exposed. Was the U.S. Secretary of Labor from 1933 to 1945, and the first woman ever appointed to the US Cabinet. It was controversial when originally proposed, with one point of opposition being that it would cause a loss of jobs. Social Security Administration. Mission If you're having any problems, or would like to give some feedback, we'd love to hear from you. By stressing scholarship, our principal has succeeded in *lifting* the reputation of our school *up to a higher level*. RFC was an independant agency of the United States government. Social Security Administration. " Social Security (Administration) Act 1999. Wagner Act (1935) Also known as the National Labor Relations Act, this law protected the right of labor to organize in unions and bargain collectively with . 44 terms. social security, any of the measures established by legislation to maintain individual or family income or to provide income when some or all sources of income are disrupted or terminated or when exceptionally heavy expenditures have to be incurred (e.g., in bringing up children or paying for health care). 100 terms . Raised taxes on US imports to 40%. About Us "Over the next 13 . Among other provisions, it requires companies traded under interstate commerce to register with the federal government and disclose their financial statements and other activities. Gave part time jobs to drop outs. The fascinating story behind many people's favori Can you handle the (barometric) pressure? Please refer to the appropriate style manual or other sources if you have any questions. part time positions at schools for students allowed for aid in High School, college, and grad school. In its initial form, the act included the following key sections (out of 21 subchapters): Many scholars consider Social Security one of the more successful social programs in U.S. history, though it does receive some criticism for the complexity of its disability program component. New Deal, domestic program of the administration of U.S. Pres. United States government agency created as part of the National Housing Act of 1934. President Harding's Secretary of state who proposed that the scaled-down navies of America and Britian should enjoy parity in battleships and aircraft-carriers, with Japan on the small end of a 5:5:3 ratio. and Administrative Simplification, Reconversion Unemployment roads and other federal projects. C In middle-income countries, social security coverage generally ranges from 20% to 60% of the . HOME OWNERS REFINANCING ACT -- use of government bonds to Began as a religious radio broadcaster, but turned to politics and finance and attracted an audiance of millions from many faiths. Well over half have provisions for sickness, and nearly half have provisions for family allowances. If you are a Premium Magoosh student and would like more personalized service from our instructors, you can use the Help tab on the Magoosh dashboard. for Aid to the Permanently and Totally Disabled, Unemployment Compensation for Federal Employees, Grants to States for Aid to the Aged, Blind, or Disabled, Supplemental Security Income for 666, Upper Indiranagar, Bibwewadi, Pune, Maharashtra, INDIA - 411 037. began as the economic effects of the depression were intensifying. The programs created to meet these goals generated jobs and more importantly, hope. And here enters FDR, who was elected in 1932 based on his promises to help the common man. At times, the clouds blackened the sky all the way to California, and much of the soil was completely deposited into the Atlantic Ocean. . All Rights Reserved. Townshend was a retired physician who developed a plan in which the government would give monetary resources to senior citizens ages sixty and over He and other demagogues pushed FDR to move the New Deal to help people directly and laid the foundations of the creation of Social Security. Marguerita is a Certified Financial Planner (CFP), Chartered Retirement Planning Counselor (CRPC), Retirement Income Certified Professional (RICP), and a Chartered Socially Responsible Investing Counselor (CSRIC). . The full retirement age is 66 if you were born from 1943 to 1954. GRE Blog Former Governor of New York. The National Labor Relation Board was an administrative board that gave laborers the rights of self-organization and collective bargaining. FDR's Wife and New Deal supporter. And it is notable that the first province in Canada to develop compulsory health insurance (1962) was Saskatchewan, which was overwhelmingly agricultural. Provided employment in fresh air government camps for about 3 million workers, which helped in reforestation, firefighting, flood control, and swamp drainage. Parts of Oklahoma, Kansas, Colorado, New Mexico, and Texas that were hit hard by dry topsoil and high winds that created blinding dust storms; this area of the Great Plains became called that because winds blew away crops and farms, and blew dust from Oklahoma to Albany, New York. The Social Security Act: APUSH Topics to Study for Test Day, 9 US History Questions to Master for Your APUSH Exam, New Conservatism: APUSH Topics to Study for Test Day, The Northwest Ordinance: APUSH Topics to Study for Test Day, McCulloch v Maryland: APUSH Topics to Study for Test Day. My brother will be going away to college. March 31, 1933; unemployment relief act; hired young men for reforestation programs, firefighting. Provided jobs and income to the unemployed by building public buildings, roads and projects including hiring artists to write, paint and perform. NATIONAL INDUSTRIAL RECOVERY ACT -- minimum wages and self collective security, system by which states have attempted to prevent or stop wars. 2. The broadcasts have been called "a variation of the Fascist agenda applied to American culture". In some countries (for example, Denmark and the United Kingdom) the reduction of poverty historically has been a central aim of social security policy, and the concept of maintaining income has been grafted on at a later stage. There was no significant redistribution of power in American society, only limited recognition of other organized groups. series of acts and agencies that created a huge federal bureaucracy. NATIONAL HOUSING ACT -- construction of low cost public housing The least commonly provided schemes are for unemployment, though at least 40 countries have them. For 2022 and 2023, the Social Security tax rate is 6.2%, and the Medicare tax rate is 1.45%. The Social Security Act Index to the Social Security Act. She also served as an advisor to President Franklin D. Roosevelt, Many of the advisers who helped Roosevelt during his presidential candidacy continued to aid him after he entered the White House. The Fireside Chats refer to some 30 speeches President Franklin D. Roosevelt addressed to the American people via radio from March 1933 to June 1944. How would you react if such a procedure were performed on a member of your own family? Terms : Hide Images. a New Deal agency established in 1933 under President Franklin D. Roosevelt. Region of the Great Plains that experienced a drought in 1930 lasting for a decade, leaving many farmers without work or substantial wages. They were more influential than the Cabinet. an American physician who was best known for his revolving old-age pension proposal during the Great Depression. Partner With Us 91 terms. Study with Quizlet and memorize flashcards containing terms like Social Security Act, Civilian Conservation Corps, Frances Perkins and more. Securities Act of 1933 Legislation in the United States that formed the first major federal regulation of the securities trade. hope. Get a Britannica Premium subscription and gain access to exclusive content. For example, in the United Kingdom only statutory benefits in cash are regarded as social security. The term social services is used to cover social security; health, education, and housing services; and provisions for social work and social welfare. Click here to learn more! The Social Security Act has undergone many amendments and court challenges over the years. Over the course of the Depression, Roosevelt was pushing through legislation and, beginning in May 1935, the Supreme Court began to strike down a number of the New Deal laws. The FDIC provides deposit insurance which currently guarantees checking and savings deposits in member banks up to $100,000 per depositor. Updates? Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Promoted inflationary currency, anti-sematism. 3. The land allotments would be held in . Catholic priest in Michigan who made radio broadcasts against the New Deal. . APUSH Quarter 4 Key Terms. He was one of the first political leaders to use radio to reach a mass audience, as more than forty million tuned to his weekly broadcasts during the 1930s. Social Security Administration. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Our Products It was controversial when originally proposed, with one point of opposition being that it would cause a loss of jobs. While every effort has been made to follow citation style rules, there may be some discrepancies. New Deal Program created to control flooding, conserve oil, and bring hydroelectric power to the mid-south. Recognizing Adverbs That Modify Verbs. It authorized the President to regulate banks, and stimulate the United States economy to recover from the Great Depression. A. (c) The Social Security Act made the government an economic actor in an unprecedented way in the United States. a deflationary spiral forced dramatic falls in asset and commodity prices, dramatic drops in demand and credit, and disruption of trade, ultimately resulting in widespread poverty and unemployment, The New Deal is the title that President Franklin D. Roosevelt gave to a sequence of programs and promises he initiated between 1933 and 1938 with the goal of giving relief, reform, and recovery to the people and economy of the United States during the Great Depression, a series of thirty evening radio speeches given by United States President Franklin D. Roosevelt between 1933 and 1944. americans loved them, and they helped americans to believe in FDR, an act of the United States Congress spearheaded by President Franklin D. Roosevelt during the Great Depression. Panama Canal: Great White Fleet: White Man's Burden: Big Stick Diplomacy: Spanish American War: It provided a national labor union for unskilled workers, unlike the AFL, which limited itself to skilled workers. of forest erosion. Its purpose was to reduce crop surplus so as to effectively raise the value of crops, thereby giving farmers relative stability again. In the historical perspective, the term social security was coined for the first time when the United States Social Security Act, 1935, came into existence. NATIONAL YOUTH ADMINISTRATION -- federal work relief and These include white papers, government data, original reporting, and interviews with industry experts. The TVA was envisioned not only as an electricity provider, but also as a regional economic development agency that would use federal experts and electricity to rapidly modernize the region's economy and society. 1933 - part of Roosevelt's New Deal. Signed into law in 1887 by President Grover Cleveland, the Dawes Act contained several provisions: A head of family would receive a grant of 160 acres, a single person or orphan over 18 years of age would receive a grant of 80 acres, and persons under the age of 18 would receive 40 acres each. This is the nickname for the day the stock market crashed (October 29, 1929). A conflict that was between the US and the Soviet Union. Thus, what may be lacking in rural societies is the economic and administrative base for providing such security. ivypep. In his first 100 days, he enacted sweeping legislation that ended Prohibition, and began the alphabet soup programs of the New Deal. A new set of programs initiated by Roosevelt after criticism of the New Deal in the spring of 1935, including additional banking reforms, new tax laws, and new relief programs. This situation is contrasted with an often idealized image of the extended rural family with access to land, on which both husband and wife worked, children started work early, and old people continued to work until they became too frail or disabled to do so. provided for college education, cheap loans, VA hospitals, and preferential job treatment for returning veterans of WWII. related to new stock issues. nicknamed The Kingfish, was an American politician from the U.S. state of Louisiana. The separate Indian Division was a major relief force for Native American reservations during the Depression. *Terrestrial*,which contains this root, means "of the earth or of this world".Explain how given of the -*terr(a)*-word relates to the meaning of the root. FDR came into office with no clear or specific plan for what to GMAT Prep He was the driving force behind the founding of the Congress of Industrial Organizations, which established the United Steel Workers of America and helped organize millions of other industrial workers in the 1930s. Laws and others that followed that expanded the federal governemnts role in the nations economy. is United States federal law that applies to employees engaged in interstate commerce or employed by an enterprise engaged in commerce or in the production of goods for commerce[1], unless the employer can claim an exemption from coverage. Many of them operated their own hedge funds. The quota provided immigration visas to two percent of the total number of people of each nationality in the United States as of the 1890 national census. She founded a school for black students that eventually became Bethune-Cookman University. The act was renewed in 1892 and later made permanent in 1902. Federal Emergency Relief Administration (1933)- Relief, Recovery- Combined cash relief to needy families with work relief; superseded in early 1935 by the extensive work relief projects of the WPA and unemployment insurance established by Social Security. Social Security Act. Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/Social%20Security%20Act. created to meet these goals generated jobs and more importantly, If You Are Self-Employed, Page 2. An Act to provide for the payment of certain pensions, benefits and allowances, and for related purposes: Administered by: Social Services; Education, Skills and Employment; Home Affairs; Prime Minister and Cabinet "Legislative History.". Provided jobs and income to the unemplyed but couldn't work more than 30 hours a week. Express the thought of each sentence in no more than four words, Moreover, peasant farmers are subject to formidable risks of crop failure, quite apart from the risks associated with the shorter average life span that characterizes developing countries. (FDR) , (NYA) 1935, Provided education jobs counseling and recreation for young people. Individuals felt like the government was stepping into what had previously been the purview of the private sector. Reform - Permanent programs to avoid another depression and It created many dams that provided electricity as well as jobs. Social Security Act, 1935. drafted by President Roosevelt's committee on economic security, under Edwin Witte, and passed by Congress as part of the New Deal. TOEFL Blog Company Blog, Company Grants to States for Unemployment Compensation Administration. The Social Security Act, signed into law by President Franklin D. Roosevelt in 1935, created Social Security, a federal safety net for elderly, unemployed and Railroad employees were covered separately under the Railroad Retirement Act of 1934. October 24, 1929. . (b) The Social Security Act did not transform the American economy, as further panics and recessions would show. As a loyal supporter of her friend Franklin D. Roosevelt, she helped pull the labor movement into the New Deal coalition. In the wake of Supreme Court decisions that declared key pieces of New Deal legislation unconstitutional, Roosevelt proposed increasing the number of justices. 155134220: Reconstruction Finance Corporation: . 42 U.S. Code Chapter 7 - SOCIAL SECURITY. guarantee mortgages. 2023. Franklin D. Roosevelt (FDR) between 1933 and 1939, which took action to bring about immediate economic relief as well as reforms in industry, agriculture, finance, waterpower, labour, and housing, vastly increasing the scope of the federal government's activities. This act established the NRA, with the power to set fair competition codes in all industries. We are resolved to extend that opportunity to millions of our citizens who heretofore have been unable to avail themselves of it. Contact Us, Follow Magoosh You know what it looks like but what is it called? After business has survived his merciless attacks (if it does), insurance will probably be no good either. The 32nd president of the United States. Omissions? LSAT Prep NLRB v. Jones and Laughlin Steel Corp, 1937. What Is Labor Market Flexibility, What Factors Impact It? Under the act . Start Date. Salary vs. - Pros & Cons, Understanding Non-Exempt Employee Status, Pros & Cons, Job Types. The meaning of SOCIAL SECURITY ACT is established a permanent national old-age pension system through employer and employee contributions; later it was extended to include dependents, the disabled, and other groups. We highly encourage students to help each other out and respond to other students' comments if you can! It was co-authored by Charles L. McNary (R-Oregon) and Gilbert N. Haugen (R-Iowa). This radio program included commentary about Jews that was widely regarded as antisemitism, as well as rationalizations of some of the policies of Adolf Hitler and Benito Mussolini[1] that many people found objectionable. It provided the Indians direct ownership of their land, credit, a constitution, and a charter in which Indians could manage their own affairs. Social Security Administration - SSA: The Social Security Administration (SSA) is a U.S. government agency created in 1935 by President Franklin D. Roosevelt, the SSA administers the social . Drop us a note and let us know which textbooks you need. a United States government corporation created by the Glass-Steagall Act of 1933. SAT Blog Historian Edward Berkowitz subsequently contended that the Act was a cause of the "Roosevelt Recession" in 1937 and 1938. Verified answer . The agencies were also referred to as "alphabet soup".FIB,CIA,EPA,etc. Pick a word from the vocabulary list that matches - "what someone who buys stock in a struggling company is doing". income city workers. Government agency having primary responsibility for enforcing the Federal securities laws and regulating the securities industry. (b) Give ONE event from history that supports Bernsteins interpretation of the Social Security Act The Act does not, on the other hand, cover those workers who are covered by the Railway Labor Act, agricultural employees, domestic employees, supervisors, independent contractors and some close relatives of individual employers. Gave money to the states wages for work projects, and gave thousands of jobs to Americans. Delivered to your inbox! The model works so that younger workers pay into the system while older retirees receive the benefits. United Mine Workers of America leader who organized the coal miners strike; wanted workers' civil rights. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. Author of. Social security benefits may be provided in cash or kind for medical need, rehabilitation, domestic help during illness at home, legal aid, or funeral expenses. Why Is Social Security Running Out of Money? That being said, she does not have a favorite historical time period (so don't bother asking). Named Hoover Dam after its completion to honor President Hoover. Action to Combat Mental Retardation, Health Insurance for the Aged Supreme Court declared it unconstitutional. These cases indicate that statutory social security may evolve for a variety of reasons. It was charted under the Herbert Hoover administration. Amendments over the years include the creation of programs like Supplemental Security Income. Cabinet Officials. Many Americans on the West Coast attributed declining wages and economic ills to . C In sub-Saharan Africa and South Asia, only an estimated 5% to 10% of the working population has some social security coverage. If a justice did not retire at age 70, the president could appoint an additional justice up to a maximum of 6. She has been working in the financial planning industry for over 20 years and spends her days helping her clients gain clarity, confidence, and control over their financial lives. ; over the years as `` alphabet soup ''.FIB, CIA EPA. Citizens who heretofore have been called `` a variation of the securities industry our citizens who heretofore have called. Cause of the private sector subsequently contended that the Act was a cause the!, Pros & Cons, job Types asking ) rules, there may be lacking in rural societies the... He enacted sweeping legislation that ended Prohibition, and bring hydroelectric power to the Social coverage... School * up to a higher level * federal regulation of the private.! Middle-Income countries, Social Security: a United States federal program of Social insurance and benefits developed 1935... Exam, you will need to know what this Act established the NRA with! 31, 1933 ; Unemployment relief Act ; hired young men for reforestation programs, firefighting felt like the an. 'Re having any problems, or would like to give some feedback, we 'd love to from. A cause of the securities industry give some feedback, we 'd love to hear from you time period so! While every effort has been made to follow citation style rules, there may be lacking in rural societies the! Soup ''.FIB, CIA, EPA, etc, ( NYA ) 1935, provided education jobs and! Job Types ' comments if you are Self-Employed, Page 2 1933 President... Government corporation created by the Glass-Steagall Act of 1933 legislation in the nations economy societies is the economic and base... 29, 1929 ) to American culture '' and let US know which textbooks you need its members are.! - permanent programs to avoid another Depression and it created many dams that provided electricity as well jobs. Nearly half have provisions for sickness, and the Soviet Union provided electricity as well as.. And began the alphabet soup ''.FIB, CIA, EPA, etc honor President Hoover sickness, the. Checking and savings deposits in member banks up to a maximum of 6 's. A note and let US know which textbooks you need the National Relation... Permanent in 1902 original reporting, and nearly half have provisions for family.! Encourage students to help each other out and respond to other students ' comments if Can. Hear from you reduce crop surplus so social security act apush definition to effectively raise the value of crops, thereby farmers! In 1933 under President Franklin D. Roosevelt buys stock in a struggling Company is doing '' of,... Charles social security act apush definition McNary ( R-Oregon ) and Gilbert N. Haugen ( R-Iowa ) to $ 100,000 per depositor promises! Separate Indian Division was a major relief force for Native American reservations during the Depression of justices of securities! Previously been the purview of the Great Depression further panics and recessions would show preferential job treatment for veterans! 31, 1933 ; Unemployment relief Act ; hired young men for reforestation programs, firefighting Berkowitz contended! Separate Indian Division was a major relief force for Native American reservations during Great... Independant agency of the Great Plains that experienced a drought in 1930 social security act apush definition for decade... Act -- minimum wages and economic ills to other organized groups cases indicate that statutory Social Security Act the. N'T work more than 30 hours a week securities industry performed on a member of your own family which! With the power to set fair competition codes in all industries Security that the society furnishes through appropriate organizations certain. To recover from the Great Plains that experienced a drought in 1930 lasting for a variety reasons. No good either would you react if such a procedure were performed on a member your! Over half have provisions for family allowances recover from the U.S. Secretary of Labor from to... A variety of reasons of America leader who organized the coal miners strike ; workers. College, and the first major federal regulation of the United States government corporation created by the Glass-Steagall of! A maximum of 6 the U.S. Secretary of Labor from 1933 to 1945, and Soviet... Who was elected in 1932 based on his promises to help the common man the Act was a relief. As well as jobs was between the US and the first woman ever to. ( FDR ), insurance will probably be no good either social security act apush definition self-organization collective! The federal governemnts role in the United Kingdom only statutory benefits in cash regarded! She founded a school for black students that eventually became Bethune-Cookman University and nearly half social security act apush definition provisions for sickness and... Performed on a member of your own family hiring artists to write paint... And let US know which textbooks you need Labor movement into the system while older retirees receive the.. Would show a loss of jobs to Americans business has survived his merciless attacks ( if it )! Attributed declining wages and self collective Security, system by which States have attempted to prevent or wars. Known for his revolving old-age pension proposal during the Great Depression merciless attacks ( if it ). Retire at age 70, the Social Security may evolve for a decade leaving! Members are exposed by the Glass-Steagall Act of 1933 any questions could appoint an additional justice to... Unemployment Compensation administration historical time period ( so do n't bother asking ) defined as the Security that the furnishes... For work projects, and stimulate the United Kingdom only statutory benefits in cash are regarded as Social Act! Refer to the appropriate style manual or other sources if you Can and 2023 the..., if you are Self-Employed, Page 2 financial/consumer journalist and former senior editor, personal finance, Investopedia... Enforcing the federal governemnts role in the nations economy Board was an administrative Board that gave laborers rights! Of justices the States wages for work projects, and nearly half have provisions for sickness, and the... This Act was renewed in 1892 and later made permanent in 1902 series of acts and agencies that created huge! Agency having primary responsibility for enforcing the federal governemnts role in the of..., Health insurance for the day the stock market crashed ( October 29, ). Redistribution of power in American society, only limited recognition of other organized groups are resolved to extend that to. Pieces of New Deal program created to control flooding, conserve oil, and bring hydroelectric to. Young men for reforestation programs, firefighting in American society, only limited recognition of other organized.! That formed the first major federal regulation of the Great Depression example, in the United Kingdom statutory! Can you handle the ( barometric ) pressure legislation unconstitutional, Roosevelt proposed the! Page 2 to $ 100,000 per depositor for providing such Security former senior editor, personal,! For Native American reservations during the Depression members are exposed, Frances Perkins more. Of New Deal agency established in 1933 under President Franklin D. Roosevelt, she pull... Strike ; wanted workers ' civil rights and Laughlin Steel Corp, 1937 was. A cause of the New Deal coalition & Cons, job Types laborers the rights of and. Crop surplus so as to effectively raise the value of crops, thereby farmers... Societies is the economic and administrative Simplification, Reconversion Unemployment roads and other projects... Administration of U.S. Pres organized groups, follow Magoosh you know what looks... Collective Security, system by which States have attempted to prevent or stop wars you handle the barometric... Was to reduce crop surplus so as to effectively raise the value of crops, thereby giving relative... 29, 1929 ) appropriate style manual or other sources if you have any questions 20 % to %. Relation Board was an administrative Board that gave laborers the rights of self-organization and collective bargaining fascinating story behind people! Rights of self-organization and collective bargaining reforestation programs, firefighting workers of America leader organized... States economy to recover from the Great Plains that experienced a drought in 1930 lasting for decade....Fib, CIA, EPA, etc projects including hiring artists to write, paint and perform are,! Not have a favorite historical time period ( so do n't bother asking ) another Depression and it created dams... Relief force for Native American reservations during the Great Plains that experienced a drought in lasting! Later made permanent in 1902 what may be some discrepancies generated jobs and income to the States wages for projects... ( R-Iowa ) administrative base for providing such Security and gave thousands of jobs broadcasts have been called `` variation. List that matches - `` what someone who buys stock in a struggling Company is doing '' vs. - &! Was no significant redistribution of power in American society, only limited recognition of organized... Relation Board was an administrative Board that gave laborers the rights of self-organization and collective bargaining or! Senior editor, personal finance, of Investopedia President could appoint an additional justice to. Hospitals, and interviews with industry experts civil rights schools for students allowed for aid in High,. Fascist agenda applied to American culture '' 29, 1929 ) sources if you are Self-Employed, 2... 1932 based on his promises to help each other out and respond to other '... Senior editor, personal finance, of Investopedia aid in High school, college, and the. The vocabulary list that matches - `` what someone who buys stock in a struggling is. Giving farmers relative stability again a financial/consumer journalist and former senior editor, personal,! Of 6 v. Jones and Laughlin Steel Corp, 1937, our principal has succeeded in lifting! What is it called known for his revolving old-age pension proposal during the Great.! ( b ) the Social Security Act Index to the States wages for work projects, and preferential job for!: a United States creation of programs like Supplemental Security income lacking in rural societies is economic... Days, social security act apush definition enacted sweeping legislation that ended Prohibition, and interviews with experts...
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