Final answer:
The GI Bill provided government assistance to veterans in the post-war era, enabling them to purchase homes and pursue higher education. It played a significant role in increasing suburban homeownership and doubling the number of college degrees awarded.
Step-by-step explanation:
The GI Bill played a significant role in the post-war era by providing government assistance to veterans. It offered aid in areas such as hospitalization, purchasing homes and businesses, and education. For veterans seeking to buy homes, the bill eliminated down payment requirements, making it easier for them to secure home loans. This resulted in a surge in suburban homeownership, with around four million veterans purchasing homes through the GI Bill. Additionally, the bill helped millions of veterans pursue higher education, doubling the number of college degrees awarded in the decade following the war.