Medium tank other types of tank during normal operations Medium tank Medium tank is a classification of tanks, particularly prevalent during World War II which represented a compromise between the mobility oriented light tanks and the armour and armament oriented heavy tanks. The most widely produced, cost effective and successful tanks of World War II (the Soviet T-34, the American Sherman tank, the Japanese Type 97 and the German Panzer IV) were all medium tank designs, and the success of the concept would later lead to the development of later generations of medium tanks such as the Chieftain. Many of the medium
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,