Canada in the Korean War and South Koreas, with the North occupied by troops from the Soviet Union, and the South, below the 38th parallel, occupied by troops from the United States. The Soviet forces entered the Korean Peninsula on 10 August 1945, followed a few weeks later by the American forces who entered through Incheon. U.S. Army Lieutenant General John R. Hodge formally accepted the surrender of Japanese forces south of the 38th Parallel on 9 September 1945 at the Government House in Seoul. Although both rival factions tried initially to diplomatically reunite the divided nation, the Northern faction eventually tried to do so
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