The Servicemen’s Readjustment Act of 1944 (G.I. Bill) paid almost $4 billion to nearly nine million veterans from 1944–1949 in unemployment compensation. The education and training provisions existed until 1956, and the Veterans’ Administration offered insured loans until 1962. The Readjustment Benefits Act of 1966 extended these benefits to all veterans of the armed forces, including those who served during peacetime.
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