On June 22, 1944, President Franklin Delano Roosevelt signed into law one of the most significant pieces of legislation ever produced by the United States government: The Servicemen's’ Readjustment Act of 1944, commonly known as the GI Bill of Rights.  By the time the original GI Bill ended in July 1956, 7.8 million World War II veterans had participated in an education or training program and 2.4 million veterans had home loans backed by VA.  Today, the legacy of the original GI Bill lives on in the Montgomery GI Bill.  (Source: United States Department of Veterans Affairs)

Read more at http://www.gibill.va.gov/benefits/history_timeline/index.html.