Ceasefire the effect of the ceasefire, whereby their wrath ensured a return to hostilities.There was no treaty signed during this Christmas truce and the war resumed after a few days. On November 29, 1952, the newly U.S. president-elect Dwight D. Eisenhower, went to Korea to learn what might end the Korean War. With the United Nations' acceptance of India's proposed Korean War armistice, the Korean People's Army (KPA), the People's Volunteer Army (PVA), and the UN Command ceased fire with the battle line approximately at the 38th parallel. Upon agreeing to the ceasefire agreement, the belligerents established the Korean Demilitarized Zone
Impact of the Korean War on the economy of the United States 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. The Korean War boosted GDP growth through government spending, which in turn constrained investment and consumption. While taxes were raised significantly to finance the war,