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The act awarded veterans additional pay in various forms, with only limited payments available in the short term. The value of each veteran's "credit" was based on each recipient's service in the United States Armed Forces between April 5, 1917, and July 1, 1919, with $1.00 awarded for each day served in the United States and $1.25 for each day served abroad.
The Act replaced the 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.
The Minnesota Department of Veterans Affairs (MDVA) is a state agency that provides services to current and former members of the United States military. The department provides care and housing through five veterans homes located in Fergus Falls, Hastings, Luverne, Minneapolis and Silver Bay.
The Bonus Army was a group of 43,000 demonstrators – 17,000 veterans of U.S. involvement in World War I, their families, and affiliated groups – who gathered in Washington, D.C., in mid-1932 to demand early cash redemption of their service bonus certificates.
Kimberly Graves is a senior executive director for the St. Paul, Minnesota office of the Veterans Benefits Administration or VBA, a subsidiary organization of the United States Department of Veterans Affairs (VA).
After 73 years and a long fight with the U.S. Army, a Korean War veteran from Minnesota who was wounded in combat finally got his Purple Heart medal on Friday. The Army notified Earl Meyer, 96, of ...
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The Economy Act of 1933, officially titled the Act of March 20, 1933 (ch. 3, Pub. L. 73–2, 48 Stat. 8, enacted March 20, 1933, is an Act of Congress that cut the salaries of federal workers and reduced benefit payments to veterans, moves intended to reduce the federal deficit in the United States.