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.
"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]
Name any two Indian groups of bankers who financed export agriculture in Central and South-east Asia.
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.
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]
‘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)]
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How far is it correct to say that "The First World Wax was the First modem industrial war”? Explain. [CBSE Sept. 2010]
What is difference between international momentary system and the Bretton Woods system?
Give three examples to show that the world changed with the discovery of new sea routes to America. [CBSE Sept. 2010, 2011, 2012]
What is NIF.O ?
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Why did Group 77 countries demand a New International Economic Order ? Explain. [CBSE 2009 (D). Sept, 2010]
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Why did most of the developing countries organise themselves as a group the Group of 77 (G-77) ? [CBSE 2012)
Before the arrival of outsiders most of the Africans had a little reason to work for a wage’. Give reasons.
What steps were taken by the British government to improve agriculture in West Punjab ?
Name any two countries which became major supplier of wheat during the First World War.
Name any two world institutions which were established under the Bretton Woods. Also mention one objective of each. [CBSE 2014]
What was the importance of Silk Routes ?
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How did Silk Routes link the world ? Explain with three suitable examples. [CBSE 2008 (D)]
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Explain any three characteristics of Silk Routes. [CBSE Comp. (D) 2008, Sept. 2010, 2012]
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Enumerate the importance of Silk Routes. [CBSE Sept. 2010]
India played a crucial role in the late 19th century world economy”. Explain. [CBSE 2014]
Name any two world institutions which were established under the Bretton Woods. Also mention one objective of each.
What was mass production? Explain its impact on the world economy of earlier 20th century.
Name the disease which had terrifying impact on people's livelihoods and local economy of Africa during 1890's.
Why China and other Asian countries became attractive destination for investment by foreign MNC's ?
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 indentured workers had discovered their own ways of surviving.” Explain. [CBSE 2013]
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How did the indentured labourers maintain their cultural identity in other part of the world ? [CBSE 2013]
Explain the impact of the First World War on Britain.
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How did the First World War change the economic life of the people in Britain ? Explain. [CBSE 2008 (D)]
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Describe in brief the world economic conditions of the post First World War period. [CBSE 2010 (D), Sept. 2012, 2013]