SAT Subject US History Practice Question 858: Answer and Explanation

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Question: 858

29. One of the first actions taken by President Franklin D. Roosevelt after his inauguration in 1933 was to

A. declare a bank holiday.
B. establish the Reconstruction Finance Corporation.
C. establish Social Security.
D. establish the National Recovery Administration.
E. pack the Supreme Court.

Correct Answer: A


Franklin Roosevelt's bank holiday was one of his very first actions as president in dealing with the Depression. During the bank holiday, all banks were closed until they could be reopened on a sound financial footing. President Hoover established the Reconstruction Finance Corporation (B) in 1932. Social Security (C) was established in 1935 to protect the elderly and unemployed. The National Recovery Administration (D) was established under the National Industrial Recovery Act in 1933, after the bank holiday. The court-packing scheme (E) of President Franklin Roosevelt was attempted in 1937.

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