What is meant by the Bretton Woods Agreement?
The Bretton Woods Agreement established the International Monetary Fund (IMF) to deal with external surpluses and deficits of its member nations. The World Bank) was set up to finance post war reconstruction. The post-war international economic system is also often described as the Bretton Woods system.
The international monetary system is the system linking national currencies and monetary system. The Bretton Woods system was based on fixed exchange rates. In this system, national currencies, for example the Indian rupee, were pegged to the dollar at a fixed exchange rate.
Name the economist who thought that India gold exports during the Great Depression of 1929 promoted global economic recovery.
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)
‘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]
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.
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Describe in brief the destruction caused during the Second World War. [CBSE 2010 (O), Sept. 2012]
Name any two countries which became major supplier of wheat during the First World War.
Highlight three main features of life of African people before the coming of Europeans. [CBSE 2013]
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.
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 ?
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.
Name any two Indian groups of bankers who financed export agriculture in Central and South-east Asia.
Explain how the global transfer of disease in the pre-modern world helped in the colonisation of the Americas.
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)]
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?
What were the main reasons for the attraction of Europeans to Africa ? [CBSE Sept. 2010, 2014]
Why did the European employers find it difficult to recruit labour in Africa ? Give two methods they used to recruit and retain labour. [CBSE 2011)
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Why was there a shortage of labour willing to work for wages in Africa in the 1890s ? How did Europeans try to recruit and retain labour ? Explain any two methods. [CBSE 2012]
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What methods were used by the European employers to recruit and retain the African labourers ?
What was mass production? Explain its impact on the world economy of earlier 20th century.