Fact Finder - History

Fact
The GI Bill: Reshaping America
Category
History
Subcategory
World Wars
Country
United States
Description
To prevent the economic chaos that followed WWI, the U.S. passed the Servicemen's Readjustment Act, commonly known as the GI Bill. It provided veterans with low-interest mortgages, business loans, and most importantly, tuition for college or vocational school. By 1947, veterans made up half of all college students. This led to a massive expansion of the American middle class and the 'suburbanization' of the country. However, the bill was often implemented in a discriminatory way, denying many Black veterans the same housing and education benefits as their white counterparts, contributing to long-term wealth gaps.