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 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