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.
The correct answer to this open question is the following.
Although the question has no options, we can answer the following.
After 600 BCE, the world witnessed historical developments such as the surge of the Phoenicians in the Mediterranean Sea, a great group of sailors that built impressive ships for their time and developed the first kind of alphabet.
In that time, there were also important advancements in philosophy and religious beliefs such as the rise of Confucianism and Daoism, in China, or the influence of Zoroastrianism in the region of Persia, during the rule of the Sassadine dynasty.
Imperialism, although it is bad for the conquered countries and regions, is good for the countries that practice it, and even for those countries conquered to some extent (in terms of technology, development), and obtaining extra resources for conquering peoples. While the imperialist country obtains abundant net resources from other regions, expands its political power and makes its power and its world presence larger, the conquered country can obtain technology and life forms that help it from the conquering country. All the imperialist countries have enjoyed a better quality of life for their population and greater social and technological development, given the advantages of having many more lands, resources and people under their power. But finally, when conquered people fight for their independence, this power becomes to decrease and finally its lost.
Economic boom refers to the expansion and peak phase of a business cycle. Economic activities increases in the sectors of gross domestic product, productivity and income. The post World war II economic expansion, the long boom, and the Golden Age of capitalism, was a period of strong economic growth beginning after the second world war and ending with the recession of 1973 - 1975. In this case, the Taft-Hartely act did not contribute to the economic boom. Taft Hartley act was a federal law that restricted the activities and powers of labor unions.
