‘Economists and politicians drew two key lessons from inter-war economic experiences.’ Explain. [CBSE Sept 2012]
(i) Full employment : An industrial society based on mass production cannot be sustained without mass consumption. But to ensure mass consumption, there was a need for high and stable income Income could not be stable if employment was unstable Thus, stable income also required a stead. full employment.
(ii) Intervention of government : Before the Second World War, most of the economists believed that capitalist economies or markets are self-sustaining. i.e. there is no need for government intervention. But the inter-war period proved that markets alone could not guarantee full employment.
Therefore, the government would have to step into minimise fluctuations of price, output and employment. Economic stability could be ensured only through the intervention of the government.
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.
Highlight three main features of life of African people before the coming of Europeans. [CBSE 2013]
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)]
Explain how the global transfer of disease in the pre-modern world helped in the colonisation of the Americas.
‘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)]
"European conquests produced many painful economic, social and ecological changes through which the colonised societies were brought into the world economy."Explain. [CBSE 2015]
What was the impact of the spread of rinderpest or the cattle plague on the African people ? Explain. [CBSE 2009 (O)]
Or
How did rinderpest change .the economy of the African society ? [CBSE Sept. 2010, 2011]
Or
Explain the social impact of introduction of rinderpest in Africa.
Or
Describe briefly the effects of rinderpest in Africa in the 1890's. [CBSE Sept. 2011, 2012, 2014]
India played a crucial role in the late 19th century world economy”. Explain. [CBSE 2014]
What was mass production? Explain its impact on the world economy of earlier 20th century.
Write any three factors responsible for indentured labour migration from India. [CBSE Sept. 2010. 2013]
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.
By 1890, a global agricultural economy had taken shape.' Explain by giving example.
Or
Describe any three changes in the global agricultural economy after 1890. [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]