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Korean War - Coggle Diagram
Korean War
Economic Impact
Count of the war
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.
Destruction of industrial facilities
Disruption of productive activities
Extreme over-issue of money
Consequent hyper inflation
Discontinuance or distortion of two prime national economic reform policies
Political Impact
The countries within the capitalist bloc
The Korean War accelerated the conclusion of a peace agreement between the U.S. and Japan, the warming of West Germany's relations with other western countries, creation of military and political blocs ANZUS (1951) and SEATO (1954).
The Truman Doctrine 'a policy of containment
Greater tensions between the U.S. and China, and further divided the U.S. and the Soviet Union.
The spread of communism during the Cold War
American containment
Japanese occupation of Korea during World War II
Social Impact
Dead, wounded and missing
Totalled between three and four million during the three years of war (1950-1953)
480,000 Americans saw action, with 590.000 South Koreans, and smaller forces from Britain, Canada, Australia, the Philippines, Turkey, France and other nations. Over 36,000 Americans lost their lives, along with 673,000 South Koreans.
North Korea fell into poverty and could not keep up with South Korea's economic pace.
The war was disastrous for all of Korea, destroying most of its industry.
The relationship between cold war
"The Korean War was a proxy war for the Cold War"
Backed by the United Nations, the West — Britain and the United States, supported South Korea, while communist China and the Soviet Union backed North Korea. The Korean War ended three years later, with millions of casualties.
The war cost more than 2 million lives and devastated South Korea's economy for two decades. It also had repercussions for a wider conflict, the Cold War. The Soviet Union and the United States of America, the main players in that political, economic, military and ideological battle, intervened in the Korean War.
Global Impact
It was the first time that the two superpowers, the United States and the Soviet Union, had fought a 'proxy war ' in a third country. The proxy war or 'limited war ' strategy would be a feature of other Cold War conflicts.
