‘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.
Name the economist who thought that India gold exports during the Great Depression of 1929 promoted global economic recovery.
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)
‘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]
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]
Explain the consequences of the Second World War.
Or
Describe in brief the destruction caused during the Second World War. [CBSE 2010 (O), Sept. 2012]
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]
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 seventeenth century, choosing one example from Asia and one from the Americas.
Explain the three types of movements or flows within international economic exchange. Find one example of each type of flow which involved India and Indians, and write a short account of it.
Before the arrival of outsiders most of the Africans had a little reason to work for a wage’. Give reasons.
Name any two Indian groups of bankers who financed export agriculture in Central and South-east Asia.
The agricultural regions and communities were the worst affected by the Great Depression of 1929'. Give one reason.
Explain how the global transfer of disease in the pre-modern world helped in the colonisation of the Americas.
How was the income received from trade surplus with India used by Britain ? [CBSE 2008 (D)]
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?
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]
Or
How did the indentured labourers maintain their cultural identity in other part of the world ? [CBSE 2013]
Give three examples to show that the world changed with the discovery of new sea routes to America. [CBSE Sept. 2010, 2011, 2012]