Adjusted Compensation Act of 1924
E695070
The Adjusted Compensation Act of 1924 was a U.S. law granting World War I veterans deferred bonus payments, whose delayed payout later helped spark the Bonus Army protest in 1932.
Observed surface forms (1)
| Surface form | Occurrences |
|---|---|
| World War Adjusted Compensation Act | 1 |
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal law
ⓘ
veterans' benefits legislation ⓘ |
| affectedPopulation | millions of World War I veterans ⓘ |
| allowed | loans to veterans using adjusted service certificates as collateral ⓘ |
| alsoKnownAs |
Bonus Act
NERFINISHED
ⓘ
World War Adjusted Compensation Act NERFINISHED ⓘ |
| appliesTo | World War I veterans NERFINISHED ⓘ |
| associatedWithEra | Calvin Coolidge presidency NERFINISHED ⓘ |
| benefitType |
adjusted service certificate
ⓘ
service bonus ⓘ |
| causeOf | veterans' demands for early bonus payment during the Great Depression ⓘ |
| compensationBasis |
length of military service
ⓘ
overseas versus domestic service ⓘ |
| controversy |
cost to the federal budget
ⓘ
timing of bonus payments ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| dateEnacted | 1924-05-19 ⓘ |
| economicImpact | created a large future liability for the federal government ⓘ |
| enactedInYear | 1924 ⓘ |
| excludes | most dependents of veterans ⓘ |
| followedBy | legislation authorizing early payment of bonuses in the 1930s ⓘ |
| historicalContext |
interwar period in the United States
ⓘ
post–World War I demobilization ⓘ |
| implementedBy | United States Veterans Bureau NERFINISHED ⓘ |
| influenceOn | Bonus Army protest of 1932 NERFINISHED ⓘ |
| jurisdiction |
United States government
ⓘ
surface form:
federal government of the United States
|
| language | English ⓘ |
| legalDomain |
federal social policy
ⓘ
military veterans' benefits ⓘ |
| legislativeBody | United States Congress ⓘ |
| paymentForm |
adjusted service certificates
ⓘ
deferred lump-sum payment ⓘ |
| payoutDateScheduled | 1945 ⓘ |
| payoutNature | deferred ⓘ |
| policyGoal | to recognize wartime service through financial compensation ⓘ |
| policyType | compensatory benefit ⓘ |
| politicalIssueIn | 1932 United States presidential election NERFINISHED ⓘ |
| precededBy | earlier proposals for veterans' bonuses after World War I ⓘ |
| presidentAtEnactment | Calvin Coolidge NERFINISHED ⓘ |
| provided | deferred bonus payments to World War I veterans ⓘ |
| purpose | to provide adjusted compensation to World War I veterans ⓘ |
| relatedToEvent |
Bonus Army
NERFINISHED
ⓘ
Bonus Army march on Washington NERFINISHED ⓘ |
| signedBy | Calvin Coolidge NERFINISHED ⓘ |
| subjectOfDebate | fiscal responsibility versus veterans' welfare ⓘ |
| targetGroup | honorably discharged World War I veterans ⓘ |
| timePeriodCovered | service during World War I ⓘ |
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
World War Adjusted Compensation Act