In the summer of 1932, at the height of the Depression, some forty-five thousand veterans of World War I descended on Washington, D.C., from all over the country to demand the bonus promised them eight years earlier for their wartime service. President Herbert Hoover, Army Chief of Staff Douglas Mac
The Army and the Bonus Incident
β Scribed by John W. Killigrew
- Book ID
- 124788050
- Publisher
- Society for Military History
- Year
- 1962
- Weight
- 841 KB
- Volume
- 26
- Category
- Article
- ISSN
- 0026-3931
- DOI
- 10.2307/1984367
No coin nor oath required. For personal study only.
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## Abstract Wecompute a sequential equilibrium for the U.S.Army'sTargeted Selective Reenlistment Bonus Program in whichtheArmy offers a bonus, soldiers with a low cost of serving in an undesirable location accept the bonus and are sent to an undesirable location, and soldiers with a high cost of se