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Questions and Answers
What is the common name of the Servicemen’s Readjustment Act?
What is the common name of the Servicemen’s Readjustment Act?
- Government Aid Bill
- The Servicemen’s Act
- The G.I. Bill (correct)
- Veterans Act
What benefit did the G.I. Bill provide to veterans in terms of home ownership?
What benefit did the G.I. Bill provide to veterans in terms of home ownership?
- Grants to build their own homes
- Low-interest loans to purchase a home (correct)
- Subsidies for rent payments
- Free housing for life
How long did returning soldiers receive unemployment pay as they looked for work?
How long did returning soldiers receive unemployment pay as they looked for work?
- Two years
- Until they found a job
- Six months
- One year (correct)
What type of education did the G.I. Bill provide funding for?
What type of education did the G.I. Bill provide funding for?
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What was the purpose of the U.S. government guaranteeing loans for veterans?
What was the purpose of the U.S. government guaranteeing loans for veterans?
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Study Notes
The Servicemen's Readjustment Act (G.I. Bill)
- Congress passed the Servicemen's Readjustment Act in 1944 to provide benefits to soldiers returning home.
- Also known as the "G.I. Bill", with "G.I." standing for "Government Issue".
- Provided low-interest loans to veterans to purchase a home, with full guarantees from the U.S. government.
- The government guarantee made banks more likely to loan to veterans.
- Returning soldiers received unemployment pay for one year while looking for work.
- The U.S. government funded tuition for veterans attending college or trade schools.
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