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The Adjusted Compensation Act of 1924 aimed to provide World War I veterans with a bonus for their military service, adjusting for inflation and the cost of living. It granted veterans a certificate redeemable for cash, which could be claimed after a set period, thereby ensuring they received financial support during the post-war economic struggles. This act was significant in recognizing the sacrifices of veterans, although it faced criticism and was ultimately overshadowed by the economic realities of the Great Depression.

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1w ago

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