Title: Impact of the Korean War on the economy of the United States - Wikipedia
Headings: Impact of the Korean War on the economy of the United States
Impact of the Korean War on the economy of the United States
Contents
Financing
Monetary policy
Price freeze
Military spending
Notes
References

Content: 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. Military spending
Military spending in the United States was high prior to the Korean War due to the Cold War with the Soviet Union. 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 U.S. 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 benefits as the World War II G.I. Bill, including mustering-out pay, financial support for education, home and business loan guarantees, unemployment compensation, and job placement. Notes
^ a b c d e "Economic Consequences of War, p. 10
^ a b c "Rockoff, p. 246
^ a b c d e "Economic Consequences of War, p. 11
^ a b Ohanian, p. 25
^ a b c Ohanian, p. 26
^ "Rockoff, p. 247
^ a b "Rockoff, p. 248
^ "Rockoff, p. 249
^ a b "Rockoff, p. 250
^ "Rockoff, p. 251
^ Hickman, p. 2
^ "Rockoff, p. 252
^ Hickman, p. 17
^ a b c "Rockoff, p. 253
^ "Rockoff", p. 254
^ "Rockoff, p. 254
^ a b "Rockoff, p. 256
References
"Economic Consequences of War on the U.S. Economy" (PDF).