North Korea in the Korean War parallel boundary, but they could not agree on whether prisoners of war should be forcibly "repatriated." Finally, after around more than two years of negotiations, the adversaries signed an armistice on July 27, 1953. The agreement drew a new boundary near the 38th parallel that gave South Korea an extra 1,500 square miles of territory; and created a 2-mile-wide "demilitarized zone" that still exists today in the North and South Korean borders, in the bottom and top, respectively. The Korean War was relatively short but exceptionally bloody compared to other wars. Nearly 3 million people died. More than half of
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