GI Bill
Servicemen's Readjustment Act of 1944
§ LEGISLATIONsafety net· 1944
What It Did
Provided returning World War II veterans with tuition and living expenses for college or vocational training, low-cost mortgages, and unemployment benefits. Nearly 8 million veterans used the education benefits, transforming American higher education and the middle class.
The Vote
House · 387–0 (passage)
D
222 YEA · 0 NAY
R
165 YEA · 0 NAY
Senate · 50–0 (passage)
D
35 YEA · 0 NAY
R
15 YEA · 0 NAY
Key Sponsors
→ John E. Rankin (D-MS) · House
→ Ernest McFarland (D-AZ) · Senate
Sources: Congress.gov · VoteView · FRED
In the Years Following
Economic indicators related to this law, showing 5 years before through 10 years after.
Manufacturing Employment
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CPI — All Items
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Unemployment Rate
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Many factors influence economic outcomes. This chart shows trends in the years surrounding this legislation — not necessarily caused by it.