The G.I. Bill
President Franklin D. Roosevelt signed into law the Servicemen's Readjustment Act of 1944, on June 22, 1944, better known as the G.I Bill or G.I. Bill of Rights.
The G.I. Bill provided low interest, with no down payment, home loans for people that had served in the armed forces. This had a dramatic effect on home ownership and suburban growth, after the war. The G.I. Bill also aided in funding college education for servicemen. The G.I. Bill gave money for tuition, books and other educational expenses.
Part of the reason for the creation of the G.I. Bill was to hopefully avoid another depression that had gripped the nation previous to World War II. Another reason behind the creation of the G.I. Bill was to avoid a similar type of protest that happened in 1932 by thousands of unemployed servicemen, called the Bonus March.
The G.I Bill was so successful, that on July 16,1952 the Veterans’ Adjustment Act of 1952 was created after the Korean War and toward the end of President Truman's term. The Veterans’ Adjustment Act of 1952 was aimed at providing similar benefits to returning servicemen after the Korean War.
The Veterans Readjustment Benefits Act was signed into law on March 3,1966, by President Lyndon B. Johnson and provided extended benefits to people that had served during war and peace times.