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The Making of a Global World
(a) Cowries were a form of currency in the ancient world.
(b) With the introduction of Corn Laws, food could be imported cheaply into Britain.
(c) The system of hire purchase led to a growth in the purchase of consumer durables.
(d) During the nineteenth century Indian manufactured goods flooded the British markets.
(a) Cowries were a form of currency in the Maldives and later on it was use in China and East Africa also.
(b) With the introduction of Corn Laws restrictions were imposed on the import of corn in Britain.
(c) The system of fixed exchange rate led to a growth in the purchase of consumer durables.
(d) During the nineteenth century British manufactured goods flooded the Indian markets.
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What is meant by the Bretton Woods Agreement?
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.
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.
Explain the causes of Great Depression.
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?
Find out more about gold and diamond mining in South Africa in the nineteenth century. Who controlled the gold and diamond companies? Who were the miners and what were their lives like?
What is trade?
International trade means:
The essential component of trades are ___________ and ___________.
Which one of the following countries had not tried to expand food production to meet the Britain’s demand?
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