asked 151k views
5 votes
How did the GI bill help the economy prosper in the 1950s

2 Answers

3 votes

Answer:

A: It provided grants that enabled people to pay for college.

D: It offered unemployment benefits.

E: It made loans affordable for the purchase of homes, farms, and businesses.

Step-by-step explanation:

edg2021

How did the GI bill help the economy prosper in the 1950s-example-1
answered
User Lucky Rana
by
7.9k points
4 votes

The GI Bill was a law passed by the federal government that would help veterans of World War II. This law included several different incentives for veterans including:

1) Low interest home loans- This allowed more families to buy homes rather than rent. Home ownership is often a key sign of a strong economy so when this bill passed, it helped the economy tremendously during the 1950's.

2) Tuition assistance- The GI Bill helped veterans pay for a college education or vocational training. This allowed for the development of a workforce that was highly skilled and educated, resulting in the increase of a professional jobs available to veterans.

answered
User Patrik Bego
by
8.2k points

Related questions

2 answers
3 votes
148k views
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.