The Suez and Panama canals are two of the most important canals in the world. They are crucial for the trade and travel through the sea, as they cut the sea routes by thousands of kilometers, which makes it much more easy and cheaper to use them. The Suez Canal connects the Mediterranean with the Indian Ocean, thus avoiding to circle around Africa, while the Panama Canal connects the Atlantic and the Pacific, thus avoiding to circle around South America. The one that controls these canals will manage to always get very large wealth because everyone will opt to use them as it much easier, cheaper, safer, and quicker, but in order to use it, everyone needs to pay certain tax. Those taxes are bringing in constant profit from doing pretty much nothing for the countries that control these canals. Also, it brings in a lot of power, as they can block the access of any country to it if they want, thus giving them big power on the global economic scene.
Joseph Stalin was ( c ) a cruel leader of the Soviet Union. After Lenin´s death Stalin took over as leader of the Soviet Union. He believed that he should change the country from agricultural to industrialized, building factories all over the Soviet Union. He is known for his cruelty. He order several "purges" in which people he thought were against him would be killed or sent to slave labour camps.
Scottish philosopher who wrote The Wealth of Nations in 1776. Argued that money in and of itself did not constitute wealth wealth but merely its marker. He advocated Laissez-faire economic theory. Adam Smith also said that individuals should freely pursue their own economic interests
The Civil War was based on a disagreement on slavery, but slavery was not the main issue. The Union opposed the South's economic system (slavery) and the South was not too happy about that so they began seceding from the Union. President Lincoln's main goal was to preserve the Union and to get the Southern states to come back. Slavery was just something that had gotten taken care of during the Civil War.
