GI Bill Notes - President Roosevelt signs the G.I Bill into law on \u25cf Servicemen's Readjustment Act of 1944 AKA GI Bill \u25cf law that provided a range

GI Bill Notes - President Roosevelt signs the G.I Bill into...

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President Roosevelt signs the G.I. Bill into law on June 22, 1944Servicemen's Readjustment Act of 1944 AKA GI Billlaw that provided a range of benefits for returning World War II veteransoriginal G.I. Bill expired in 1956, but the term "G.I. Bill" is still used to refer to programscreated to assist U.S. military veteransdesigned and passed through Congress in 1944 by conservatives who wanted to rewardpractically all wartime veteransthe American Legion wanted generous benefits for war veteransRoosevelt, by contrast, wanted a much smaller and more elitist programfinal bill provided immediate financial rewards for practically all World War II veteransbenefits included: low-cost mortgages, low-interest loans to start a business or farm, one year of unemployment compensation, and dedicated payments of tuition and living expenses to attend high school, college, or vocational schoolbenefits were available to all veterans who had been on active duty during the war years for at least 90 days and had not been dishonorably discharged (dismissed from service/kicked out)by 1956, 7.8 million veterans had used the G.I. Bill education benefits, some 2.2 million to attend colleges or universities
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many judge the G.I. Bill a major political and economic success because it was a major contribution to America's stock of human capital that encouraged long-term economic growthreceived criticism for directing some funds to for-profit educational institutions and for failing to benefit African Americans
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