More to Explore
People and Groups
Events
Related Topics
This Day in History
May 16
World War II
As Brits launch Operation Chastise, Germans launch Operation Gypsy Baron, 1943
On this day in 1943, the British Royal Air Force sets into motion a plan to bomb key dams in order to flood the Ruhr region of Germany, while the German…
Recommended Articles
-
Yalta Conference
The Yalta Conference called for Germany's unconditional surrender at the end of World War II.
-
The 1960s
Discontent, rebellion and social change defined the 1960s in the United States, shaking the country to its core.
-
John Jay
(1745-1829), member of the Continental Congress, diplomat, and first chief justice, U.S. Supreme Court.
The G.I. bill, officially the Servicemen's Readjustment Act of 1944, provided many benefits to veterans of World War II. It established veterans' hospitals, provided for vocational rehabilitation, made low-interest mortgages available, and granted stipends covering tuition and living expenses for veterans attending college or trade schools. Subsequent legislation extended these benefits to veterans of the Korean War, and the Readjustment Benefits Act of 1966 extended them to all who served in the armed forces even in peacetime.
From 1944 to 1949, nearly 9 million veterans received close to $4 billion from the G.I. bill's unemployment compensation program. The education and training provisions existed until 1956, providing benefits to nearly 10 million veterans. The Veterans' Administration offered insured loans until 1962, and they totaled more than $50 billion. The economic assistance provided by the G.I. bill and the Veterans' Administration accelerated the postwar demand for goods and services.
The Reader's Companion to American History. Eric Foner and John A. Garraty, Editors. Copyright © 1991 by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
Fact Check We strive for accuracy and fairness. But if you see something that doesn't look right, contact us!
Shop HISTORY
-
Civil War: Rebellion to Reconstruction DVD Set
Experience the turbulent events that ignited the bloodiest, most divisive war this country has known.
$97.99
Buy Now -
The American Civil War DVD Set
Experience for yourself the historical and personal impact of the Civil War.
$69.99
Buy Now -
Get It Here First
Pre-Order the Titanic At 100 Mystery Solved DVD today! A team of scientists, engineers and imaging experts have joined forces to answer haunting questions surrounding the legendary disaster.
$19.95
Buy Now
Email Updates
Keep up with the latest History shows, online features, special offers and more.
Sign up
