Question

In an effort to make it possible for veterans returning from World War II to purchase a home, the Veterans Administration offered the opportunity for veterans to purchase a home with what amount of down payment?

Answer 1

The Veterans Administration offered veterans returning from World War II the opportunity to purchase a home with a down payment of $1 through the GI Bill. This played a significant role in increasing home ownership rates and stimulating the post-war economy.

Step-by-step explanation:

The Veterans Administration offered the opportunity for veterans returning from World War II to purchase a home with a down payment of just $1. The GI Bill, also known as The Serviceman's Readjustment Act of 1944, provided federal assistance to veterans to help them adjust to civilian life, including affordable home loans.

This initiative played a significant role in the post-war era by increasing home ownership rates and stimulating the economy through construction and other related industries.