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.
Write any three factors responsible for indentured labour migration from India. [CBSE Sept. 2010. 2013]
Name any two Indian groups of bankers who financed export agriculture in Central and South-east Asia.
"Food offers many examples of long distance cultural exchange."Explain. [CBSE Sept. 2011]
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Assess with examples the contribution of food to the process of globalisation of the early periods. [CBSE 2012]
Give three examples to show that the world changed with the discovery of new sea routes to America. [CBSE Sept. 2010, 2011, 2012]
‘The First World War was modern industrial war’. Explain.
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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]
Explain the impact of the Great Depression on the Indian economy. [CBSE Sept. 2010, 2014]
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Explain the impact of the Great Depression on Indian farmers in the early twentieth century. [CBSE 2009 (F), Sept. 2012]
Why thousands of people fled Europe for America in the 19th century ?
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Why did thousands of people flee away from Europe to America in the 19th century ? Give any three reasons. [CBSE Sept. 2010]
Before the arrival of outsiders most of the Africans had a little reason to work for a wage’. Give reasons.
How was the income received from trade surplus with India used by Britain ? [CBSE 2008 (D)]
Name the economist who thought that India gold exports during the Great Depression of 1929 promoted global economic recovery.
Name any two world institutions which were established under the Bretton Woods. Also mention one objective of each. [CBSE 2014]
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]
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]
What is difference between international momentary system and the Bretton Woods system?
Give two examples of different types of global exchanges which took place before the seventeenth century, choosing one example from Asia and one from the Americas.
What is NIF.O ?
Or
Why did Group 77 countries demand a New International Economic Order ? Explain. [CBSE 2009 (D). Sept, 2010]
Or
Why did most of the developing countries organise themselves as a group the Group of 77 (G-77) ? [CBSE 2012)
Mention any two factors which were responsible for price rise of food grains in Britain in the late 18th century.
Name the disease which had terrifying impact on people's livelihoods and local economy of Africa during 1890's.
Name any two countries which became major supplier of wheat during the First World War.
"European conquests produced many painful economic, social and ecological changes through which the colonised societies were brought into the world economy."Explain. [CBSE 2015]
Why were the Corn Laws scrapped ? Explain any three reasons.[CBSE Comp. (D) 2008, 2009 (F), Sept. 2011]