Question

How did the g.I. Bill help the construction industry

Answer 1

Perhaps the most important measure taken in combating the recession was the Montgomery G.I. Bill, which Congress had passed in 1944 to help the 15 million returning U.S. veterans reenter the job market. Also known as the Servicemen’s Readjustment Act and the G.I. Bill of Rights, the G.I. Bill gave government grants to any veteran who wished to return to school. Neither Truman nor Congress predicted that more than half of returning veterans would take advantage of approximately $15 billion in federal grants to attend vocational schools, colleges, and universities. The G.I. Bill also set aside an equal amount of money to provide veterans with loans for new homes, farms, and businesses.

Historians have since hailed the Montgomery G.I. Bill as the most significant law passed to address the concerns of the postwar years. It reduced fierce competition for jobs after the war and boosted the economy by helping millions of workers acquire new skills. Many have claimed that the economic boom in the 1950s would never have happened at all without the G.I. Bill.