North Korea in the Korean War parallel boundary, but they could not agree on whether prisoners of war should be forcibly "repatriated." Finally, after around more than two years of negotiations, the adversaries signed an armistice on July 27, 1953. The agreement drew a new boundary near the 38th parallel that gave South Korea an extra 1,500 square miles of territory; and created a 2-mile-wide "demilitarized zone" that still exists today in the North and South Korean borders, in the bottom and top, respectively. The Korean War was relatively short but exceptionally bloody compared to other wars. Nearly 3 million people died. More than half of
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.