What was mass production? Explain its impact on the world economy of earlier 20th century.
Production of goods on large-scale with the help of machines is known as mass production.
Impact :
(i) Mass production lowered costs and prices of engineered goods Thanks to higher wages, more workers could now afford to purchase durable consumer goods such as cars. Car production in US rose from 2 million in 1919 to more than 5 million in 1929.
(ii) The demand for refrigerators, washing machines, etc. was also fuelled by a boom in house construction and home ownership, financed once again by loans.
(iii) The housing and consumer boom of the 1920s created the basis of prosperity in the US. Large investments in housing and household goods seemed to create a cycle of higher employment and incomes, rising consumption demand, more investment, and yet more employment and incomes.
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)
Name the economist who thought that India gold exports during the Great Depression of 1929 promoted global economic recovery.
Name any two world institutions which were established under the Bretton Woods. Also mention one objective of each. [CBSE 2014]
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.
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]
How was the income received from trade surplus with India used by Britain ? [CBSE 2008 (D)]
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.
‘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]
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)
Or
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]
Or
What methods were used by the European employers to recruit and retain the African labourers ?
Why China and other Asian countries became attractive destination for investment by foreign MNC's ?
"European conquests produced many painful economic, social and ecological changes through which the colonised societies were brought into the world economy."Explain. [CBSE 2015]
Why was there a need for clearing lands in Britain during the nineteenth century ? Explain any three reasons.
[CBSE Comp. (D) 2008]
Explain the impacts of scrapping of the Corn Law. [CBSE Sept, 2010, 2014]
Or
What was the result of the abolishing of Corn Laws? [CBSE Sept, 2010, 2012]
Define the term ‘Trade Surplus’. How was the income received from trade surplus with India used by Britain? [CBSE 2010, 2012, 2011]
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]
What were the main reasons for the attraction of Europeans to Africa ? [CBSE Sept. 2010, 2014]