Australia in the Korean War Australia in the Korean War The military history of Australia during the Korean War was very eventful. Japan's defeat in World War II heralded the end to 35 years of Japanese occupation of the Korean Peninsula. The surrender of Japan to the Allied forces on 2 September 1945 led to the peninsula being subsequently divided into North and South Koreas, with the North being occupied by troops from the Soviet Union, and the South, below the 38th parallel, being occupied by troops from the United States. The Soviet forces entered the Korean peninsula on 10 August 1945, followed a few
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.