Meaning Of The Word Townsend plan

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Townsend plan Meaning

Townsend plan Definition
Townsend plan Definition

What's The Definition Of Townsend plan?

Townsend plan in American English
noun: 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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