The Portuguese traders António da mota and Fransisco Zeimoto
Oil is the most important export and it is just north east of north Africa.
One big change in the global economy after World War II, as compared to before the war, was a pattern of steady growth. From 1950 to 1973, the average annual GDP growth of market economies in the developed world averaged around 5% and remained rather steady. This was a strong improvement over the convulsions of the Depression that had happened prior to the Second World War.
Also over the decades after the World Wars, the global economy became more interconnected than ever before as well. Granted, during the Cold War years there was a wall (or shall we say an iron curtain) between the connected economies of the democratic countries and the connected economies of the Soviet bloc of nations. But eventually the communist system would collapse, and the increasing globalization of economies would continue and accelerate into the 21st century.
As nations like the United States have shifted more and more toward service economies rather than manufacturing economies, developing nations of the world have advanced strongly in the global economy through industrialization and growth of industrial production. So now there are new economic powerhouses in the world, such as India and China, which played a much smaller role in the global economy a century ago.
On 11 April 1951, U.S. President Harry S. Truman relieved General of the Army Douglas MacArthur of his commands after MacArthur made public statements which contradicted the administration's policies. MacArthur was a popular hero of World War II who was then the commander of United Nations forces fighting in the Korean War, and his relief remains a controversial topic in the field of civil-military relations.
MacArthur led the Allied forces in the Southwest Pacific during World War II, and after the war was in charge of the occupation of Japan. When North Korea invaded South Korea in June 1950, starting the Korean War, he was designated commander of the United Nations forces defending South Korea. He conceived and executed the amphibious assault at Inchon on 15 September 1950, for which he was hailed as a military genius. However, when he followed up his victory with a full-scale invasion of North Korea on Truman's orders, China intervened in the war and inflicted a series of defeats, compelling him to withdraw from North Korea. By April 1951, the military situation had stabilized, but MacArthur's public statements became increasingly irritating to Truman, and he relieved MacArthur of his commands. The Senate Armed Services Committee and the Senate Foreign Relations Committee held a joint inquiry into the military situation and the circumstances surrounding MacArthur's relief, and concluded that "the removal of General MacArthur was within the constitutional powers of the President but the circumstances were a shock to national pride."[1]
An apolitical military was an American tradition, but one that was difficult to uphold in an era when American forces were employed overseas in large numbers. The principle of civilian control of the military was also ingrained, but the rising complexity of military technology led to the creation of a professional military. This made civilian control increasingly problematic when coupled with the constitutional division of powers between the President as commander-in-chief, and the Congress with its power to raise armies, maintain a navy, and wage wars. In relieving MacArthur for failing to "respect the authority of the President" by privately communicating with Congress, Truman upheld the President's role as pre-eminent.