Korean War U.S. colonels Dean Rusk and Charles H. Bonesteel III were tasked with dividing the Korean Peninsula into Soviet and U.S. occupation zones and proposed the 38th parallel. This was incorporated into the U.S. General Order No. 1 which responded to the Japanese surrender on 15 August. Explaining the choice of the 38th parallel, Rusk observed, "even though it was further north than could be realistically reached by U.S. forces, in the event of Soviet disagreement ... we felt it important to include the capital of Korea in the area of responsibility of American troops". He noted that he was "faced
Impact of the Korean War on the economy of the United States benefits as the World War II G.I. Bill, including mustering-out pay, financial support for education, home and business loan guarantees, unemployment compensation, and job placement. 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.