Question
(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.Solution
(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.
