Roosevelt Signs the G.I. Bill (Great Events from History II: Business and Commerce Series)
Article abstract: The G.I. Bill provided veterans with readjustment benefits such as unemployment compensation; loan guarantees for purchases of homes, farms, and businesses; and tuition and subsistence for education and training.
Summary of Event
The Servicemen’s Readjustment Act of 1944 (Public Law 346), commonly known as the G.I. Bill of Rights or G. I. Bill, provided economic and educational benefits for World War II veterans. Individuals who had served ninety or more days in the U.S. armed forces after September 16, 1940, could take advantage of readjustment benefits to ease their transition into the civilian economy. The federal government sought to provide temporary help in finding postwar employment, assistance in obtaining educational credentials, and loan guarantees for purchases of homes, as well as farms and businesses.
Between July, 1942, and June, 1944, government agencies, the president, veterans’ groups, and Congress worked out the provisions of the G.I. Bill in a complicated policy-making process. Discussion of readjustment benefits centered on unemployment, federal loan guarantees, and education. Temporary benefits included counseling for return to prewar jobs, job placement by a new Veterans’ Placement Service Board working with the U.S. Employment Service and veterans’ centers, and unemployment compensation, for a maximum of fifty-two weeks, of $20 per month. Veterans could apply...
(The entire section is 2337 words.)
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