Economic Development Timeline

  • G.I. Bill of Rights (Servicemen's Readjustment Act of 1944)

    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.
  • The Marshall Plan

    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.
  • National Interstate and Defense Act

    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.