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The effects of the GI Bill after World War II were enormous. Millions of returning veterans were able to purchase housing and receive a college education. Both of these effects heavily impacted the American economy.

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Layne Kunze

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3y ago

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What was the purpose of the Montgomery GI Bill?

The primary purpose of the Montgomery GI Bill was to provide opportunities and economic help to veterans. This included sending them to college.


What was the purpose of the Gi bill?

The GI Bill provided many subsidies for veterans. Money for education was one of the most important. This was part of the effort to smooth the abrupt change to a postwar economy by improving the job skills (and therefore the incomes) of returning veterans.


How long does direct deposit for the Post 9-11 GI Bill allowances take?

Sometimes it can take a while to direct deposit the Post 9-11 GI Bill allowances. But most of the time it take anywhere from ten to twenty weeks mostly near the twenty week mark.


How did the GI Bill help many Americans move from the lower class to the middle class?

The GI Bill provided returning World War II veterans with access to low-interest home loans, funding for education, and unemployment benefits, which significantly eased their transition to civilian life. This financial support enabled many veterans to purchase homes, pursue higher education, and secure better-paying jobs, thereby facilitating upward mobility. As more veterans attained higher educational levels and stable employment, they were able to build wealth and contribute to the growth of the middle class in America. Ultimately, the GI Bill played a crucial role in reshaping the economic landscape and expanding opportunities for many families.


How does post 911 GI bill affect federal taxes?

mgib benefits are supposed to be tax free. I gave my daughter 9 months of my post 9/11 mgib this year, so I will see what happens when we file our taxes. As far as I know however, the benefits should be tax free.

Related Questions

What effects does copd have on the gi track?

What effects does copd have on the gi track


Can you get a business loan on the GI Bill?

No, the GI Bill funds your education.


Who created the GI Bill of Rights?

Franklin D. Roosevelt created the GI Bill.


Do you receive living allowance for the gi bill?

Under the "New GI Bill," yes.


Can you use gi bill and collect unemployment compensation at the same time?

You'd have to ask the unemployment office if becoming a student effects your eligibility for unemployment. Getting unemployment benefits does not disqualify you from collecting "GI Bill" or any other financial aid benefits.


Can spouses use the Montgomery GI bill?

spouses can use the gi bill starting aug 2009


How can the new GI bill benefits be calculated?

There are many resources on the internet that help calculating the GI bill benefits. One such resource is the GI bill calculator, which can be found on the official GI bill calculator website. By filling in one's detail, the calculator will automatically calculate one's benefits for them.


Can it be court ordered to pay spousal support out of money received from the gi bill?

The GI bill pays for education.


Was the GI Bill a success?

No, the GI Bill is crap. They tease you with all these promises of money for college, but you have to jump through hoops to get it.


Will you lose your GI bill if you get married?

No


Do reservists get the gi bill?

Yes.


What tools are available to assist you in selecting which GI Bill benefit to use?

Education and Career Counseling, GI Bill Comparison Tool