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il63 [147K]
3 years ago
7

How did the G.I. Bill improve economic prosperity

History
1 answer:
puteri [66]3 years ago
7 0

Answer:

The GI Bill improve economic prosperity by providing business and housing loans, education, and vocational training to millions of veterans.

Explanation:

Bill education benefits, some 2.2 million to attend colleges or universities and an additional 5.6 million for some kind of training program. Historians and economists judge the G.I.

GI Bill provided for low-rate affordable mortgages for young families.

The GI Bill provided for education that ensured payments on mortgages.

The GI Bill ensured innovation .

Loans were made possible by the Veterans Administration.

Another benefit of the GI Bill, helped give momentum to an already-booming housing market.

By 1956, the rate of homeownership was 60 percent, up from a prewar level of 44 percent.

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