Selective Servicemen’s Readjustment Act, 1944
- Often known as the “G.I. Bill of Rights,” the Selective Servicemen’s Readjustment Act of 1944 provided financial support to enable those who had served in the military to return to school or college, get guaranteed loans for home or business purchase or improvement, or qualify for 52 weeks of unemployment compensation at $20 per week. By 1951, 8 million veterans—more than 50 percent—had befitted from the educational provisions of the act, and 4.3 million had used the support to purchase homes. In 1952, the act was extended to veterans of the Korean War in the Veterans’ Readjustment Act. It was subsequently extended again to provide support for veterans of the Vietnam War.
Historical Dictionary of the Roosevelt–Truman Era . Neil A. Wynn . 2015.
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