Ceasefire the effect of the ceasefire, whereby their wrath ensured a return to hostilities.There was no treaty signed during this Christmas truce and the war resumed after a few days. On November 29, 1952, the newly U.S. president-elect Dwight D. Eisenhower, went to Korea to learn what might end the Korean War. With the United Nations' acceptance of India's proposed Korean War armistice, the Korean People's Army (KPA), the People's Volunteer Army (PVA), and the UN Command ceased fire with the battle line approximately at the 38th parallel. Upon agreeing to the ceasefire agreement, the belligerents established the Korean Demilitarized Zone
Impact of the Korean War on the economy of the United States tensions with the Soviet Union, the Korean War further increased it. The Korean War cost the US$30 billion in 1953, which is equivalent to US$341 billion in 2011. During the last year of the war, annual war expenditure comprised about 14.1 percent of GDP. Approximately 34,000 Americans were killed in battle and about another 2,800 died from disease or injury, with total US casualties, which includes dead, wounded, and missing in action, adding up to 139,860. The "Korean War GI Bill" was implemented in 1952, eventually covering veterans between June 27, 1950 and February 1, 1955. It offered the same