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 ⓘ