1940 US Cinderella 164 Years Of Independence "God Bless America" Townsend Plan

Item Specifics

Year of Issue

1940

Item Description

1940 US Cinderella 1776-1940 164 Years Of Independence "God Bless America" With The Townsend Plan Peace & Prosperity Thru Pensions Unused Light Hinge Mark 80% Original Gum Corner Crease Top Right Side.

Francis Everett Townsend (January 13, 1867 – September 1, 1960) was an American physician and political activist in California. In 1933, he devised an old-age pension scheme to help alleviate the Great Depression. Known as the "Townsend Plan", this proposal would pay every person over age 60 $200 per month, with the requirement it all be spent quickly. It was never enacted but the popularity of the Plan influenced Congress to start the Social Security system, which involved much smaller amounts. The Plan was organized by real estate salesman Robert Clements, who made Townsend only a figurehead while the Plan expanded to thousands of clubs in many states. Townsend was born just outside Fairbury, Illinois, where he is memorialized by a post office named in his honor. Chat GPT

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Seller Information

Seller

Oldbrooklynguy (6355)

Registered Since

03/01/2022

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100%

Store

New York Stamps and Ephemera

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Item Location

Florida, United States

Ships To

Worldwide

Returns Accepted

No