<P> While military spending in the US was high prior to the Korean War due to ongoing 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 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 . </P>
<P> While military spending in the US was high prior to the Korean War due to ongoing 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 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 . </P>
what impact did the korean war have on u.s. military spending
what impact did the korean war have on u.s. military spending
increased it
increased it