Townsend Pamphlet Head Note: Francis E. Townsend, an unemployed doctor, introduced this plan in 1933 in a California newspaper. He and others soon started an organization called Old Age Revolving Pensions, Inc. to publicize
Townsend Pamphlet Head Note: Francis E. Townsend, an unemployed doctor, introduced this plan in 1933 in a California newspaper. He and others soon started an organization called Old Age Revolving Pensions, Inc. to publicize and build support for the plan. By 1935, the organization had more than five million members and presented a petition for the plan to President Roosevelt with 20 million signatures, more than 10% of the entire American po