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The bill provided new opportunities for returning veterans such as securing their home and business loans, providing financial aid to attend college, and securing low interest loans. As a result, it created lots of jobs and industries, and consumerism led the U.S. to become a world power.
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It was an extension of the Monroe Doctrine that provided resources as well as economic support for vulnerable nations. It also helped nations recover from World War II.
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It expanded the U.S. highway system to help with efficient trade and travel as well as facilitation of troops and weapons. It also encouraged urban sprawl and creation of new suburbs.