On June 22, 1944, President Franklin D. Roosevelt signed the G.I. Bill, an unprecedented piece of legislation designed to compensate members of the returning armed forces – called G.I.s – for their efforts during the Second World War.

As the last of its sweeping New Deal reforms, the Roosevelt administration created the GI Bill – officially the Military Readjustment Act of 1944 – in hopes of avoiding a relapse into the Great Depression after the end of the war. In particular, the FDR wanted to prevent a repeat of the bonus march of 1932, when 20,000 unemployed veterans and their families gathered to protest against Washington. The American Legion, a veterans organization, successfully fought for many of the provisions included in the bill, which provided returnees with access to unemployment benefits, housing and business loans at low interest rates and, above all, to education funding.

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