What was the purpose of the adjusted compensation ac of 1924?

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.