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 very high and volatile during World War II, averaging 18 percent between 1940 and 1946, the average money growth rate during the Korean War was 4 percent. In response to this growth in inflation, the government implemented price and wage controls. Increases in taxes and new price and wage controls that constrained private sector consumption and investment affected overall material well-being. In the years after the war, consumption and investment continue to be impacted by war as they did not return to pre-war levels. While military spending in the US was high prior to the Korean War due to ongoing