Read the following passage, and answer the questions that are given below : Grow more jute, brothers, with the hope of greater cash. Costs and debts of jute will make your hopes get dashed. When you have spent all your money and got the crop off the ground _______traders, sitting at home, will pay only ? Rs.5 a maund.
(i) Who made profits from jute cultivation according to the jute growers ?
(ii) Explain the factors which were responsible for the poor condition of jute cultivators.
(i) Traders.
(ii) The Great Depression of1929 was responsible for their condition.
The cultivators grew raw jute that was processed in factories for export in the form of gunny bags. But as gunny exports collapsed, the price of raw jute crashed more than 60 per cent. Peasants who borrowed in the hope of better times or to increase the output in the hope of higher income faced ever lower prices, and fell deeper and deeper into debt. Thus, the Bengal jute growers lament.
Define the term ‘Trade Surplus’. How was the income received from trade surplus with India used by Britain? [CBSE 2010, 2012, 2011]
Name the economist who thought that India gold exports during the Great Depression of 1929 promoted global economic recovery.
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Explain the impact of the First World War on Britain.
Or
How did the First World War change the economic life of the people in Britain ? Explain. [CBSE 2008 (D)]
Or
Describe in brief the world economic conditions of the post First World War period. [CBSE 2010 (D), Sept. 2012, 2013]
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Highlight three main features of life of African people before the coming of Europeans. [CBSE 2013]
India played a crucial role in the late 19th century world economy”. Explain. [CBSE 2014]
‘The First World War was modern industrial war’. Explain.
Or
Explain how the First World War was so horrible a war like none other before. [CBSE 2010 (0)]
Or
How far is it correct to say that "The First World Wax was the First modem industrial war”? Explain. [CBSE Sept. 2010]
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Give two examples of different types of global exchanges which took place before the 17th century, choosing one example from Asia, and one from the America.
How was the income received from trade surplus with India used by Britain ? [CBSE 2008 (D)]
What do you know about the Great Depression ? Explain the major factors responsible for the Great Depression. [CBSE 2008 (F), Sept. 2010, 2011, 2012, 2013]
Explain the impact of the Great Depression on the Indian economy. [CBSE Sept. 2010, 2014]
Or
Explain the impact of the Great Depression on Indian farmers in the early twentieth century. [CBSE 2009 (F), Sept. 2012]
Name the disease which had terrifying impact on people's livelihoods and local economy of Africa during 1890's.
How was the food problem solved in Britain after the scrapping of the ‘Corn Laws’ ? Explain. [CBSE 2009 (O)]