answersLogoWhite

0


Best Answer

The Bonus Act was replaced by service certificates awarded to veterans under the World War Adjusted Compensation Act of 1924 with bonds issued by the Treasury Department in denominations of $50. The bonds paid interest at an annual rate of 3 percent from June 15, 1936, to June 15, 1945, higher than rates available to savings accounts. Amounts less than $50 were paid immediately. The bonds could not be sold, but the Treasury would redeem them for cash at any time after June 15, 1936. Most veterans redeemed their bonds promptly. The Treasury issued bonds worth $1.745 billion initially. Between June 1935 and June 1936, 80% of the bonds issued had been redeemed. The Treasury paid more than $800 million in cash in the last 2 weeks of 1936 and almost $700 million more in the next year. The cash payments constituted an efficient economic stimulus, since the program required little government administration, the monies were likely to be spent without delay, and the entire process did not require the long lead time of a public works program.[5]

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Did the government ever pay the bonuses to the World War 1 veterans?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What did veterans do in the war?

"Veterans" is a term used to describe anyone who has ever Honorably served in the Armed Forces


Was Veterans Day ever celebrated on a different day?

no


What is the significance of Veterans Day?

the ignificance is to honor those who have ever served in the military in anywayyy. but it started with the world war 1 endingg. which is how it actually startedd. its all on wikipedia.com


Why did they change Veterans Day to armistice day?

They changed the name from Armistice Day to Veterans day because of the two wars that happened ever since Armistice Day was announced. Armistice Day was meant for all those who fought in World War One, the end of the war. Veterans Day is meant for all those who died in all wars.


What system of government did the US have during World War 2?

A democracy..... ever since 1776


What are bonuses of having a phone?

prank call people =]] and u can contact people when ever u need to(rememerb to charge your phone)


Was a MLB all-star game ever hosted in philadelphia?

Yes, 4 times. 1943 - Shibe Park 1952 - Shibe Park 1976 - Veterans Stadium 1996 - Veterans Stadium


Do veterans returning from a combat zone receive the exact job they left if it is still available or do they only have the right to a comparable position?

See above answer: Check with the ever changing laws regarding US Veterans.


Why was Veterans Day originally called armistace day?

World War 1 ended in 1918 on November 11th with the Armistice. That Armistice was commemorated as the end of the worst conflict ever to occur in global history. The name was changed to Veterans Day to include those that served in World War 2 and other conflicts. At the time, WWI was the "war to end all wars." When the treaty was signed, it was the Great Armistice since there wouldn't be any more "great" wars. Since then there have of course been many wars and it's now called Veterans Day to honor all vets.


Has Austria ever had a Communist government?

No.


Has Peru ever had a different government?

no


Does the government ever get angry?

Yes