What were the impacts of the Bretton Woods system ? Explain.
(i) Bretton Woods system inaugurated an era Of unprecedented growth of trade and income for the Western industrial nations and Japan.
(ii) It provided a big boost to the world trade which grew annually at over 8 per cent between 1950 and 1970. and incomes at nearly 5 per cent.
(iii) The grow-h was also mostly stable, without large fluctuations.
(iv) The system also controlled the unemployment which averaged less than 5 per cent in most industrial countries.
(v) These decades also saw the worldwide spread of technology and enterprise. Developing countries were in a hurry to catch up with the advanced industrial countries. Therefore, they invested vast amounts of capital, importing industrial plans and equipment featuring modern technology.
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]
‘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]
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.
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.