Explain what is referred to as the G-77 countries. In what ways can G-77 be seen as a reaction to the activities of the Bretton Woods twins?
The IMF and the World Bank, called the Bretton Woods twins commenced financial operations in 1947. Decision-making in these institutions were controlled by the Western industrial powers. The US had an effective right of veto over key IMF and World Bank decisions. The Bretton Woods system saw the unprecedented growth of trade and incomes for the Western industrial nations .
Most developing countries did not benefit from the fast growth the Western economies experienced in the 1950s and 1960s. Therefore they organised themselves as a group – the Group of 77 (or G-77) – to demand a New International Economic Order (NIEO).
The NIEO meant a system that would give a country real control over its natural resources, more development assistance, fairer prices for raw materials, and better access for their manufactured goods in developed countries' markets.
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.
Name any two countries which became major supplier of wheat during the First World War.
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]
What were the main sources of attraction for Europeans to come to Africa in the late nineteenth century ? How did they exploit their resources ? [CBSE 2010 (F)]
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]
Write any three factors responsible for indentured labour migration from India. [CBSE Sept. 2010. 2013]
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.
‘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]
How was the income received from trade surplus with India used by Britain ? [CBSE 2008 (D)]
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)]
Explain how the global transfer of disease in the pre-modern world helped in the colonisation of the Americas.