The Montgomery G.I. Bill, officially titled Servicemen’s Readjustment Act of 1944, provided for college or vocational education for returning World War II veterans as well as one year of unemployment compensation. It also provided many different types of loans for returning veterans to buy homes and start businesses. The affects of the G.I. Bill were so far-reaching that it has been called the single most important piece of legislation enacted during the twentieth century.
Tags: Post-War Years
Serviceman's Readjustment Act, GI Bill, Montgomery G.I. Bill, Montgomery GI Bill