What was the purpouse of the Adjusted Compensation Act of 1924?

The Adjusted Compensation Act of 1924, also known as the Bonus Act, aimed to provide World War I veterans with adjusted compensation based on their service time. This was intended as a form of financial support to help veterans reintegrate into civilian life after the war. The act allowed veterans to receive bonuses in the form of insurance policies that would mature in 20 years, addressing concerns about their economic stability in the post-war period. Ultimately, it reflected the growing recognition of veterans' needs and the government's responsibility to support them.