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Article: Gi Bill
- Article from:
- Gale Encyclopedia of U.S. Economic History
CopyrightCOPYRIGHT 1999 The Gale Group Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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GI BILL
The GI Bill has been called the single most significant legislation passed by Congress in the twentieth century. It created benefits for veterans of U.S. military service, including financial assistance for higher education. The GI Bill is composed of two pieces of legislation, the Serviceman's Readjustment Act of 1944 and the Montgomery GI Bill. It is intended to help veterans leaving military service readjust to civilian life and to encourage qualified individuals to volunteer for military duty.
When World War I (1914
–
1918) ended, millions of veterans returned from fighting overseas and were faced with unemployment and homelessness. The country went into an economic ...