Servicemen’s Readjustment Act (GI Bill of Rights)

The Servicemen’s Readjustment Act, commonly known as the GI Bill of Rights, was enacted in 1944 to support World War II veterans. It provided benefits such as financial assistance for education and training, low-interest home loans, and unemployment payments. The goal was to help returning servicemen reintegrate into civilian life, promote economic stability, and expand educational opportunities. The GI Bill significantly contributed to the post-war economic boom in the United States by enabling many veterans to pursue college degrees, buy homes, and find employment.