The Servicemen’s Readjustment Act (Act), also known as G.I. Bill of Rights, provides for education/vocational education for World War II veterans. A veteran is commonly referred to as a G.I., the abbreviated term for “government issue”. The Act provides for one year of unemployment compensation and other financial assistance to veterans to buy homes or to meet similar purposes.
The Servicemen’s Readjustment Act was mainly designed to enhance the future of more than sixteen million men and women who served in the armed forces. The Act also extended to millions of veterans of other wars and not just the world war, like the Korean and Vietnam Wars. By helping veterans readjust themselves into civilian life after serving the country, the Act also encourages bright and motivated men and women volunteer for military duty.