Doubling Pell Grants would be a modern GI Bill to boost the economy
When was the last time the American economy contracted as dramatically as it did last spring? In 1946. At the end of World War II, factories producing aircraft carriers and munitions shut down, just as 16 million young veterans headed home in search of employment. The economy shrank by 11.6 percent in 1946 (compared to 3.5 percent in 2020).
Originally published: June 25, 2021
Author: Tania Tetlow
Institution: Loyola University New Orleans
Published by: The Hill