United States in the Korean War unified and independent Korea out of the post Japanese occupation era. Instead each side of the 38th parallel established its own government under the influence of the occupational country; the United States in South Korea and the Soviet Union in North Korea. Both new Korean governments discredited the other and claimed to be the only legitimate political system. "Tensions" between the North and South escalated and each side began to petition foreign powers for resources and support. South Korea wanted weapons and supplies from Truman and the United States government while North Korea sought help from Stalin and the Soviet
Impact of the Korean War on the economy of the United States Impact of the Korean War on the economy of the United States The impact of the Korean War on the Economy of the United States refers to the ways in which the American economy was affected by the Korean experience from 1950 to 1953. While the cost of the Korean War was less significant than that of World War II, it still changed the structure of the American growth as a result of its financing. The Korean War boosted GDP growth through government spending, which in turn constrained investment and consumption. While taxes were raised significantly to finance the war,