Explain how the global transfer of disease in the pre-modern world what is meant by the bretton woods agreement class 10 helped in the colonisation of the Americas. The main aim of the post-war international economic system was to preserve economic stability and full employment in the industrial world. The United Nations Monetary and Financial Conference held in July 1944 at Bretton Woods in New Hampshire in the USA agreed upon its framework.

Economic Consequences

The fall in agricultural price led to a reduction of farmers’ income and agricultural export. The government did not decrease their taxes due to which peasants’ indebtedness increased all across India. In these depression years, India became an exporter of precious metals, notably gold. (b) Rinderpest, a fast-spreading disease of cattle plague, was brought to Africa by Europeans in late 1880s. Entering Africa in the east, rinderpest moved west ‘like forest fire’ destroying almost 90 per cent of African cattle. It had a terrifying impact on people’s livelihoods and the local economy.

Popular Questions of Class 10 Social Science – India an the Contemporary World – II

The Bretton Woods Agreement laid the foundation for modern international financial systems and institutions. Its emphasis on cooperation and stability is what global economic governance is still guided by today. IMF and the World Bank are still part of resolving global financial challenges and promoting economic development globally.

• Give two examples from history to show the impact of technology on food availability.
• In these depression years, India became an exporter of precious metals, notably gold.
• In August 1971, President Richard Nixon announced the suspension of dollar convertibility, marking the end of the Bretton Woods system.
• The interconnections could sometimes be broken – for example, labour migration was often more restricted than goods or capital flows.
• Though agricultural prices fell sharply, the colonial government refused to reduce revenue demands.

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This was intended to allow stability in international trade through the reduction of currency value changes. Countries were also encouraged to fix parity rates for their currencies within 1% of the original rate against the dollar. (e) From the late 1970s MNCs began to shift production operations to Asian countries because of the low wages. The relocation of industry to low wage countries stimulated world trade and capital flows. (d) The Great Depression immediately affected Indian economy. India’s exports and imports nearly halved between 1928 and 1934.

NCERT Solutions for Class 10 Social Science History Chapter 3 The Making of a Global World: Download in PDF

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Then choose any three and write about their hopes and struggles to show why they, joined the movement.

As international prices crashed, prices in India also plunged. Though agricultural prices fell sharply, the colonial government refused to reduce revenue demands. All three flows were closely interwoven and affected peoples lives more deeply now than ever before. The interconnections could sometimes be broken – for example, labour migration was often more restricted than goods or capital flows. Yet it helps us understand the nineteenth-century world economy better if we look at the three flows together. Swati is a renowned Hindi tutor with 7 years of experience in teaching.

• Having a 6-year experience in teaching, she connects with her students and provides tutoring as per their understanding.
• Explain how the global transfer of disease in the pre-modern world helped in the colonisation of the Americas.
• The fall in agricultural price led to a reduction of farmers’ income and agricultural export.
• All three flows were closely interwoven and affected peoples lives more deeply now than ever before.

The academy was incorporated in 2015 to cater to the needs of students, who aim to crack competitive exams by connecting with the best brains around. The institute helps students enhance their skills and capabilities through… The Bretton Woods system proved to be vulnerable in the 1960s and early 1970s.

Under the impact of Great Depression, the Indian economy was closely becoming integrated into the global economy. As international prices crashed so did the prices in India. Between 1928 and 1934, wheat prices in India fell by 50 percent.

Imagine that you have been asked to write an article for an encyclopaedia on Britain and the history of cotton. Write your piece using information from the entire chapter. (c) Conditions created by the War were also responsible for the Great Depression, during expansion to fulfil the increasing demand for war-related goods. But after the war, the sharp decrease in demands for military and war products gave birth to economic depression. In the mid 1920s, the US gave loans to many countries so that they could finance their investments.

Imagine that you are an indentured Indian labourer in the Caribbean. Drawing from the details in this chapter, write a letter to your family describing your life and feelings. Within two years, it spread in the whole continent reaching Cape Town within five years. Rinderpest had a terrifying impact on people’s livelihoods and the local economy.