North Korea in the Korean War diseases and other illnesses were a constant threat. By the end of the summer, President Truman and General Douglas MacArthur (1880-1964), the commander in charge of the Asian theater, had decided on a new set of war aims. Now, for the Allies, the Korean War was an offensive one: It was a war to "liberate" the North from the communists. Initially, this new strategy was a success. An amphibious assault at Inchon pushed the North Koreans out of Seoul and back to their side of the 38th parallel. But as American troops crossed the boundary and headed north toward the
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.