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like a fall;
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Versicherung means insurance.
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The government created an accident
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referring to workplace accident insurance and it was--
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the German government had it--it was an arrangement
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that made it mandatory for employers to buy insurance
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against injuries to people who worked there.
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3,they had in 1889 Altersversicherung.
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This isn't supposed to be a German lesson,
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but I like to put it this way because it suggests its origin.
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This was old age insurance; alter means old.
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So, old age insurance was