Pros And Cons Of Roosevelt's Readjustment Act

Twice during that evening Hoover sent orders to MacArthur not to cross the Anacostia bridge that night, but MacArthur ignored both. And shortly after 9 pm, MacArthur ordered Miles to cross the bridge and evict the Bonus Army from its encampment. By early morning, the Army routed ten thousand inhabitants from the camp. Local hospitals were filling up with casualties, and the troops set fire to the Anacostia encampment. Meanwhile, Franklin Roosevelt, candidate for the Presidency, was watching very closely to the entire bonus march scenario and observing the actions and inactions of the Hoover administration concerning in what was turning into a fiasco. Roosevelt publicly campaign his position against the early bonus payment. Joe

The American Legion drafted the original legislation with the help of the Veterans of Foreign Wars, and both organizations helped push it through Congress. The Act was in response to a foresighted prediction by the US Department of Labor estimating fifteen million former servicemembers would be unemployed after the war’s conclusion. This Act provided a wide range of benefits to servicemembers returning from World War II. The Bill’s goal was to provide immediate rewards for practically all veterans. Benefits included dedicated payments of tuition and living expenses to attend high school, college or vocational/technical school, low interest rates and zero down payment for home mortgages, low-interest loans to start a business, as well as one year of unemployment compensation. The benefits were available to all veterans who had been on active duty during the war years for at least 90 days and not dishonorably discharged; regardless of combat experience. Additionally, the recipients did not pay any income tax on the GI benefits, since the benefits was not earned income. The GI Bill has had a few evolutionary modifications over the decades, but the basic concept is still in place… to help the veterans of the United States become productive members of society. The success of the GI Bill is so astounding that historians and economists judge the GI Bill a major political and economic success, especially in contrast to the treatments of World War I veterans. The GI Bill was also a major contribution to America's stock of human capital that encouraged long-term economic