North Korea in the Korean War Yalu River, the border between North Korea and Communist China, the Chinese started to worry about protecting themselves from what they called "armed aggression against Chinese territory." Chinese leader Mao Zedong (1893-1976) sent troops to North Korea and warned the United States to keep away from the Yalu boundary unless it wanted full-scale war. Finally, in July 1953, the Korean War came to an end. Truman and his new military commanders started peace talks at Panmunjom. Still, the fighting continued along the 38th parallel as negotiations were stalled. Both sides were willing to accept a ceasefire that maintained the 38th
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.