Reference no: EM133491383

Adjustment to Peacetime (pp. 858-860)The authors describe the shock to both production and price levels as the economy converted back from emergency wartime production and had to absorb large numbers of returning soldiers. Postwar Republican efforts to slow down the New Deal-inspired march of unionization came to a head in1947 with the passage of the Taft-Hartley Act restricting union activities. Congress passed the "GI Bill of 1944," which helped educate some 8 million veterans and lent them money through the veterans Administration (VA) so they could settle down in their own houses.

Did the government pass this law primarily because it felt an obligation to those who had fought the war? If not, what other motivations might have been involved? The authors say that this act produced big economic benefits for the country. Do you think that taxpayers should pay for free higher education as they do in some other countries?