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What was one of the key features of the First Hundred Days of Roosevelt's administration?

  1. The introduction of the New Deal

  2. A return to the gold standard

  3. Closure of banks for four days

  4. A major tax reduction for all citizens

The correct answer is: Closure of banks for four days

One of the key features of the First Hundred Days of Roosevelt's administration was the closure of banks for four days. This action was part of the Emergency Banking Act, which Roosevelt enacted shortly after his inauguration in March 1933. The temporary closure aimed to stop the bank runs that had plagued the financial system, restore public confidence in the banking sector, and stabilize the economy during the Great Depression. By halting bank operations, the government could assess the financial health of these institutions and reopen only those that were solvent. This measure was crucial in paving the way for the broader economic reforms and the establishment of the New Deal programs that would follow, which aimed to provide relief, recovery, and reform to the struggling nation.