What was the purpose of adjusted compensation act 1924?
The Adjusted Compensation Act of 1924, also known as the "Bonus Bill," aimed to provide a bonus to World War I veterans for their military service. The payment wasn't just for their time served, but also aimed to compensate for the lower wages they received during the war compared to those in civilian jobs. Essentially, it was intended to address the economic hardships faced by many veterans after their return, helping them readjust to civilian life and partially making up for lost earning potential during their wartime service.