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.

All labels observed (3)

How this entity was disambiguated

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
World War Adjusted Compensation Act
appliesTo World War I veterans
associatedWithEra Calvin Coolidge presidency
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
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
influenceOn Bonus Army protest of 1932
linked to: Bonus Army march
jurisdiction 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
precededBy earlier proposals for veterans' bonuses after World War I
presidentAtEnactment Calvin Coolidge
provided deferred bonus payments to World War I veterans
purpose to provide adjusted compensation to World War I veterans
relatedToEvent Bonus Army
linked to: Bonus Army march

Bonus Army march on Washington
linked to: Bonus Army march
signedBy Calvin Coolidge
subjectOfDebate fiscal responsibility versus veterans' welfare
targetGroup honorably discharged World War I veterans
timePeriodCovered service during World War I

How these facts were elicited

Referenced by (6)

Full triples — surface form annotated when it differs from this entity's canonical label.

Bonus Army march legislativeContext Adjusted Compensation Act of 1924
68th United States Congress passedLaw World War Adjusted Compensation Act
linked to: Adjusted Compensation Act of 1924
Bonus Expeditionary Force legalContext World War Adjusted Compensation Act
linked to: Adjusted Compensation Act of 1924
Bonus March followedBy Adjusted Compensation Payment Act of 1936
linked to: Adjusted Compensation Act of 1924
Adjusted Compensation Act of 1924 alsoKnownAs World War Adjusted Compensation Act
linked to: Adjusted Compensation Act of 1924
Wright Patman Bonus Bill relatedTo Adjusted Compensation Act of 1924