The first aim of the New Deal was to provide short-term relief. One of the very first acts completed within the first 100 days of Roosevelt's presidency was the Emergency Banking Relief Act where FDR enacted a significant four day 'nationwide bank holiday' closure starting from the 9th of March 1933 in order to stabilise and regulate the banking system. This was extremely significant because 5,000 had been forced to close at the turn of the decade with people frantically withdrawing money and businesses unable to repay loans. On the 13th of March 1933, healthy, sound banks reopened under the support of government loans while weaker banks were reorganised under federal supervision or shut down completely. This was extremely significant because
