Military Demarcation Line Armistice Agreement. Locals and foreigners will be allowed to cross the line at the Joint Security Area once this area is cleared. The DMZ runs near the 38th parallel, covering roughly . American and South Korean soldiers patrol this line along the South Korean side while North Korean soldiers patrol along the North Korean side. In Korean, the line is called the "Hyujeonseon" (휴전선), meaning "armistice line." It is also sometimes called the "Gunsa Bungye-seon" (군사분계선), which literally means "military demarcation line." However, in colloquial usage, the dividing line is more often called the "Sampalseon" (삼팔선, "38th parallel"), a name
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,