"I AM IN FAVOR OF THE SOLDIERS BONUS" 1922 BUTTON RELATING TO 1932 BONUS ARMY PROTEST.
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Winning Bid:
$101.20
(Includes 15% Buyer's Premium)
Bidding Ended:
Wednesday, June 22, 2011 2:00:00 AM (20 Minute Clock Begins At Wednesday, June 22, 2011 2:00:00 AM)
Auction:
Auction #203 - Part I
Item numbers 1 through 1428 in auction 203
Item Description
15/16" button has small text on the curl "Copyright 1922." The slogan on the button relates to World War I veterans and in 1924 the government passed a federal law titled World War Adjusted Compensation Act, commonly known as the 'Bonus Act', which granted a benefit to veterans of the war. The Act provided additional pay in various forms but only limited payments in the short term. Most veterans received their bonus in the form of a certificate that could not be redeemed until 1945. With the advent of the Great Depression many war veterans were out of work and by 1932 they were organized and demanding immediate cash payment of their certificates. Some 43,000 marchers comprised of 17,000 World War I veterans, their families and affiliated groups became known as the Bonus Army and gathered in Washington, D.C. in the spring and summer of 1932. See the following two related buttons as well as real photo postcard #30 showing the aftermath of destruction following President Hoover's order to General MacArthur to clear the marchers from their campsites. NM, displaying Mint. Morry Greener Collection.
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