Korean War has since been patrolled by the KPA and ROKA, United States, and Joint UN Commands. The Demilitarized Zone runs northeast of the 38th parallel; to the south, it travels west. The old Korean capital city of Kaesong, site of the armistice negotiations, originally was in pre-war South Korea, but now is part of North Korea. The United Nations Command, supported by the United States, the North Korean People's Army, and the Chinese People's Volunteers, signed the Armistice Agreement on 27 July 1953 to end the fighting. The Armistice also called upon the governments of South Korea, North Korea, China and
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.