Townsend plan
1 dictionary results for: townsend plan
Dictionary.com Unabridged (v 1.1) - Cite This Source - Share This
Townsend plan
–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. |
Origin:
after Francis E. Townsend (1867–1960), U.S. reformer, its proposer
after Francis E. Townsend (1867–1960), U.S. reformer, its proposer
Dictionary.com Unabridged (v 1.1)
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2006.
Cite This Source
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2006.
Cite This Source
Share This:
Copyright © 2008, Dictionary.com, LLC. All rights reserved.
