Answer: On October 1, 1949, Chinese Communist leader Mao Zedong declared the creation of the People’s Republic of China (PRC). The announcement ended the costly full-scale civil war between the Chinese Communist Party (CCP) and the Nationalist Party, or Kuomintang (KMT), which broke out immediately following World War II and had been preceded by on and off conflict between the two sides since the 1920’s. The creation of the PRC also completed the long process of governmental upheaval in China begun by the Chinese Revolution of 1911. The “fall” of mainland China to communism in 1949 led the United States to suspend diplomatic ties with the PRC for decades.
Generally speaking, imperialism needed "land" and "trade" in order to work, since the land was necessary to harvest new crops and/or raw materials, while trade was needed to sell those goods for profit.
A Bachelor of Arts typically leads to lifetime earnings four times greater than that of a high school graduate. I believe a Bachelor of Science is more, then a Masters and finally a Professional degree.
