Canada in the Korean War done to end the conflict. With the UN's acceptance of India's proposal for a Korean armistice, a cease-fire was established on 27 July 1953, by which time the front line was back around the 38th parallel, and so a demilitarised zone (DMZ) was established around it, defended by North Korean troops on one side and by South Korean, American and UN troops on the other. The DMZ runs north of the parallel towards the east, and to the south as it travels west. The site of the peace talks, Kaesong, the old capital of Korea, was part of the South
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.