Medium tank to manufacture a well-balanced medium tank in very large numbers - around 57,000 T-34s and 49,000 M4 Sherman tanks were built during the war period. During and after World War II, the roles of light tanks were gradually taken over by less-expensive armoured cars and specialised reconnaissance vehicles. Heavy tanks, having shown their limitations in combat, experienced a limited post-war arms race of progressively more heavily armed and armoured designs. With the rise of more sophisticated anti-tank missile weapons, to which heavy tanks had demonstrated high vulnerability, these too were eventually phased out. With advances in technology, aspects such as
Impact of the Korean War on the economy of the United States tensions with the Soviet Union, the Korean War further increased it. The Korean War cost the US$30 billion in 1953, which is equivalent to US$341 billion in 2011. During the last year of the war, annual war expenditure comprised about 14.1 percent of GDP. Approximately 34,000 Americans were killed in battle and about another 2,800 died from disease or injury, with total US casualties, which includes dead, wounded, and missing in action, adding up to 139,860. The "Korean War GI Bill" was implemented in 1952, eventually covering veterans between June 27, 1950 and February 1, 1955. It offered the same