Tanks in the Cold War Korean War M24 Chaffee's were the first U.S. tanks to fight the North Korean T-34-85s. The Chaffee fared poorly against these much better-armed and armored medium tanks. Chaffees were more successful later in the war in their reconnaissance role, supported by heavier tanks such as the M4 Sherman, M26 Pershing, and M46 Patton. The heavier but older Pershing was deemed unsatisfactory due to its inferior mobility, which was unsuitable for a medium tank role as it used the same engine that powered the much lighter M4 Sherman, and 1949, the upgraded M26 received a new power plant and a main
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,