Following steps should be taken to provide protection and support to them: (i) Small farmers who comprise 80% of the rural households, should be supported in Procuring seeds, agricultural inputs, credit, storage facilities and marketing outlets. (ii) In urban areas, government should help small scalRead more
Following steps should be taken to provide protection and support to them:
(i) Small farmers who comprise 80% of the rural households, should be supported in
Procuring seeds, agricultural inputs, credit, storage facilities and marketing outlets.
(ii) In urban areas, government should help small scale industry in procuring raw
material and marketing of goods.
(iii) The interests of the casual workers in rural as well as urban areas must be protected by law.
(iv) The government should take steps to en
(v) Minimum Wages Act should be enforced strictly sure equal treatment for all particularly low castes.
(vi) The government should take steps to ensure regulation of working hours and grant of medical facilities etc.
(vii) The government should take strict action against those employers who discriminate on account of caste. creed and gender.
(a) under the Bretton woods system all the decisions were made by the western industrial powers in their own interests. The developing countries were still being exploited by the western countries and the US. Thus, under these circumstance, devl being exploited by organised developing countries themRead more
(a) under the Bretton woods system all the decisions were made by the western industrial powers in their own interests. The developing countries were still being exploited by the western countries and the US. Thus, under these circumstance, devl being exploited by organised developing countries themselves as a group the Group of 77 (or G-77) -to demand a new international economic order (NIEO)
(b) The G-77 countries demanded NIEO because that would give them real control over their natural resources, more’ development assistance, fairer prices for raw materials, and. better access for their manufactured goods in developed countries, markets.
(c) It was a reaction to the activities of the Bretton Woods system because under that system nothing substantial was done for the developing countries. Their natural resources were still being exploited. So the developed countries had no alternative except to organise them- selves as a group of G-77 and to have NIEO.
(i) There was unprecedented growth of trade and income for the Western industrial nations and Japan. (ii) World trade grew annually at over 8 per cent between 1950 and 1970 and incomes at nearly 5 per cent. (iii) The growth was stable and without large fluctuations. (lv) Unemployment averaged less tRead more
(i) There was unprecedented growth of trade and income for the Western industrial nations and Japan.
(ii) World trade grew annually at over 8 per cent between 1950 and 1970 and incomes at nearly 5 per cent.
(iii) The growth was stable and without large fluctuations.
(lv) Unemployment averaged less than 5 per cent in most industrial countries.
(v) There was worldwide spread of technology and enterprise. Developing countries tried to make advancement like advanced industrial countries. They invested vest amount of capital, imported industrial plants and equipment with modern technology.
The factors or circumstances leading to the end of the Bretton Woods system and the beginning of 'Globalization, are as given below: (i) From the 1960s, us finances and competitive strength weakened due to rising costs of its overseas involvements' us dollar was no longer a principal currency in theRead more
The factors or circumstances leading to the end of the Bretton Woods system and the beginning of ‘Globalization, are as given below:
(i) From the 1960s, us finances and competitive strength weakened due to rising costs of its overseas involvements’ us dollar was no longer a principal currency in the world. It could not maintain its value in relation to gold.
(ii) weakening of US position led to the collapse of fixed exchange rates. Its place was taken up by floating exchange rates.
(iii) From mid-1970s, the developing countries were forced. to borrow from western commercial banks and private lending institutions. This resulted in debt-cri.u.,1o*”, income and increase in poverty in Africa and Latin America.
(iv) The industrial countries were also hit by unemployment from the mid-1970s and remained high until the early 1990s.
(v) MNCs began to shift production operations to low-wage Asian countries to earn more profits’ Low wages in china made that country an attractive destination for investment by MNCs to capture world markets.
(vi) Some other incidents like new economic policies in china, the collapse of Soviet Union and soviet-style communism in Eastern Europe brought many countries into the fold of the world economy. These activities increased world trade and capital flows.
Two lessons are as given below: (i) An industrial society based on mass production cannot be sustained without mass consumption. To ensure mass consumption there should be stable income and full employment which in turn need intervention of the government. (ii) The goal of full employment can only bRead more
Two lessons are as given below:
(i) An industrial society based on mass production cannot be sustained without mass consumption. To ensure mass consumption there should be stable income and full employment which in turn need intervention of the government.
(ii) The goal of full employment can only be achieved if the government has the power to control flows of goods, capital and labour. it is related to country’s economic links with the outside world.
Major effects of the Great Depression on the US were as given below: (i) There was fail in prices. (ii) US banks and loans: US banks reduced domestic lending and asked people to return their loans. People, however, could not repay the loans due to lesser incomes. They were forced to give up their hoRead more
Major effects of the Great Depression on the US were as given below:
(i) There was fail in prices.
(ii) US banks and loans: US banks reduced domestic lending and asked people to return their loans. People, however, could not repay the loans due to lesser incomes. They were forced to give up their homes, cars and other consumer durables.
(iii) Unemployment: Unemployment increased.
(iv) Collapse of US banking system: US banking system collapsed as it could not recover loans and repay depositors. Thousands of banks went bankrupt and were closed. By 1933, over 4,000 banks had closed. Between 1929 and 1932 about 1.10,000 companies had collapsed.
The main causes of the Great Depression were as follows: (i) Agricultural over-production: As the agricultural prices were failing and there was decline in agricultural income, the farmers tried to increase their income by more production. However, this resulted in further fall in prices. Farm produRead more
The main causes of the Great Depression were as follows:
(i) Agricultural over-production: As the agricultural prices were failing and there was decline in agricultural income, the farmers tried to increase their income by more production. However, this resulted in further fall in prices. Farm products rotted in the market for lack of buyers. This created more hardships of the farmers.
(ii) Financial dependence of many countries on US and crisis: Many countries of the world were dependent on US. They had taken loans from that country. It was easy to raise loans in US if everything was fine.
(iii) By the year 1929 US overseas lenders panicked at the first sign of trouble. They stopped loans to the European countries thus halting ai1 production there.
(iv) The financial problems such as failure of banks, collapse of currencies (the British pound-sterling), slump in agricultural and raw material prices. The US government doubled import duties to protect its economy and it proved to be another severe blow to world trade.
The US recovery was quicker than the European countries. The war had already; helped the US economy. There was, however, some trouble after the war but the US economy grew in the early 1920s due to followings measures: (i) Mass production: The growth of US economy was due to mass production. Car manRead more
The US recovery was quicker than the European countries. The war had already;
helped the US economy. There was, however, some trouble after the war but the US economy grew in the early 1920s due to followings measures:
(i) Mass production: The growth of US economy was due to mass production. Car
manufacturer Henry Ford made significant contribution in this fields. He adopted the assembly line of a Chicago slaughter-house in his new car plant in Detroit. As a result of this method, production of cars increased and a car was ready every. three-minutes. The T-Model Ford was the world’s first mass-produced car.
(ii) Hire purchase system: Increase in wages led to spurt in the purchase of refrigerators, washing machines, radio and other household products through a system of ‘hire-purchase’.
(iii) The demand in above products led to a boom in house construction and home
ownership which were again financed by loans.
(iv) In 1923 US resumed exporting capital to the rest of the world and became the largest overseas investor. US imports and exports also boomed.
The condition of countries with agricultural economies, particularly wheat producing countries was bad. During the war, for example, supply of what was disrupted in Eastern Europe. The production of wheat, however, in Canada, America and Australia increased significantly. After the war once again prRead more
The condition of countries with agricultural economies, particularly wheat producing countries was bad. During the war, for example, supply of what was disrupted in Eastern Europe. The production of wheat, however, in Canada, America and Australia increased significantly. After the war once again production in Eastern Europe was revived leading to more supply of wheat in the market. As result of it, prices of grain fell and incomes declined and farmers fell deeper into debt. the agricultural economies suffered more after the war.
The impact of the First World War on the socio-economic conditions of the world was as mentioned below: (i) Men went to battle: Most of the men killed and maimed were men of working age. This reduced the able-bodied workforce in Europe. Thus women took up the jobs that were done by men earlier. (ii)Read more
The impact of the First World War on the socio-economic conditions of the world was as mentioned below:
(i) Men went to battle: Most of the men killed and maimed were men of working age. This reduced the able-bodied workforce in Europe. Thus women took up the jobs that were done by men earlier.
(ii) Economic links between some of the largest economic powers snapped as they were now fighting with each other.
(iii) Britain borrowed large sums and us public.
(iv) USA turned into an international creditor from being an international debtor.
What steps should be taken try the government to protect workers in the unorganised sector?
Following steps should be taken to provide protection and support to them: (i) Small farmers who comprise 80% of the rural households, should be supported in Procuring seeds, agricultural inputs, credit, storage facilities and marketing outlets. (ii) In urban areas, government should help small scalRead more
Following steps should be taken to provide protection and support to them:
See less(i) Small farmers who comprise 80% of the rural households, should be supported in
Procuring seeds, agricultural inputs, credit, storage facilities and marketing outlets.
(ii) In urban areas, government should help small scale industry in procuring raw
material and marketing of goods.
(iii) The interests of the casual workers in rural as well as urban areas must be protected by law.
(iv) The government should take steps to en
(v) Minimum Wages Act should be enforced strictly sure equal treatment for all particularly low castes.
(vi) The government should take steps to ensure regulation of working hours and grant of medical facilities etc.
(vii) The government should take strict action against those employers who discriminate on account of caste. creed and gender.
What is group of 77? why did Group-77 countries demand. a NIEO? Explain
(a) under the Bretton woods system all the decisions were made by the western industrial powers in their own interests. The developing countries were still being exploited by the western countries and the US. Thus, under these circumstance, devl being exploited by organised developing countries themRead more
(a) under the Bretton woods system all the decisions were made by the western industrial powers in their own interests. The developing countries were still being exploited by the western countries and the US. Thus, under these circumstance, devl being exploited by organised developing countries themselves as a group the Group of 77 (or G-77) -to demand a new international economic order (NIEO)
(b) The G-77 countries demanded NIEO because that would give them real control over their natural resources, more’ development assistance, fairer prices for raw materials, and. better access for their manufactured goods in developed countries, markets.
(c) It was a reaction to the activities of the Bretton Woods system because under that system nothing substantial was done for the developing countries. Their natural resources were still being exploited. So the developed countries had no alternative except to organise them- selves as a group of G-77 and to have NIEO.
for more answers vist to:
See lesshttps://www.tiwariacademy.com/ncert-solutions/class-10/social-science/history/chapter-1/
Describe the effects of the Bretton Woods system.
(i) There was unprecedented growth of trade and income for the Western industrial nations and Japan. (ii) World trade grew annually at over 8 per cent between 1950 and 1970 and incomes at nearly 5 per cent. (iii) The growth was stable and without large fluctuations. (lv) Unemployment averaged less tRead more
(i) There was unprecedented growth of trade and income for the Western industrial nations and Japan.
(ii) World trade grew annually at over 8 per cent between 1950 and 1970 and incomes at nearly 5 per cent.
(iii) The growth was stable and without large fluctuations.
(lv) Unemployment averaged less than 5 per cent in most industrial countries.
(v) There was worldwide spread of technology and enterprise. Developing countries tried to make advancement like advanced industrial countries. They invested vest amount of capital, imported industrial plants and equipment with modern technology.
for more answers vist to:
See lesshttps://www.tiwariacademy.com/ncert-solutions/class-10/social-science/history/chapter-1/
Describe The factors responsible for the end of the Bretton Woods system and the beginning woods of ‘Globalisation’.
The factors or circumstances leading to the end of the Bretton Woods system and the beginning of 'Globalization, are as given below: (i) From the 1960s, us finances and competitive strength weakened due to rising costs of its overseas involvements' us dollar was no longer a principal currency in theRead more
The factors or circumstances leading to the end of the Bretton Woods system and the beginning of ‘Globalization, are as given below:
(i) From the 1960s, us finances and competitive strength weakened due to rising costs of its overseas involvements’ us dollar was no longer a principal currency in the world. It could not maintain its value in relation to gold.
(ii) weakening of US position led to the collapse of fixed exchange rates. Its place was taken up by floating exchange rates.
(iii) From mid-1970s, the developing countries were forced. to borrow from western commercial banks and private lending institutions. This resulted in debt-cri.u.,1o*”, income and increase in poverty in Africa and Latin America.
(iv) The industrial countries were also hit by unemployment from the mid-1970s and remained high until the early 1990s.
(v) MNCs began to shift production operations to low-wage Asian countries to earn more profits’ Low wages in china made that country an attractive destination for investment by MNCs to capture world markets.
(vi) Some other incidents like new economic policies in china, the collapse of Soviet Union and soviet-style communism in Eastern Europe brought many countries into the fold of the world economy. These activities increased world trade and capital flows.
for more answers vist to:
See lesshttps://www.tiwariacademy.com/ncert-solutions/class-10/social-science/history/chapter-1/
Describe two lessons drawn by the politicians and economists from the inter-war economic experiences.
Two lessons are as given below: (i) An industrial society based on mass production cannot be sustained without mass consumption. To ensure mass consumption there should be stable income and full employment which in turn need intervention of the government. (ii) The goal of full employment can only bRead more
Two lessons are as given below:
(i) An industrial society based on mass production cannot be sustained without mass consumption. To ensure mass consumption there should be stable income and full employment which in turn need intervention of the government.
(ii) The goal of full employment can only be achieved if the government has the power to control flows of goods, capital and labour. it is related to country’s economic links with the outside world.
for more answers vist to:
See lesshttps://www.tiwariacademy.com/ncert-solutions/class-10/social-science/history/chapter-1/
Describe the effects of the Great Depression on the US.
Major effects of the Great Depression on the US were as given below: (i) There was fail in prices. (ii) US banks and loans: US banks reduced domestic lending and asked people to return their loans. People, however, could not repay the loans due to lesser incomes. They were forced to give up their hoRead more
Major effects of the Great Depression on the US were as given below:
(i) There was fail in prices.
(ii) US banks and loans: US banks reduced domestic lending and asked people to return their loans. People, however, could not repay the loans due to lesser incomes. They were forced to give up their homes, cars and other consumer durables.
(iii) Unemployment: Unemployment increased.
(iv) Collapse of US banking system: US banking system collapsed as it could not recover loans and repay depositors. Thousands of banks went bankrupt and were closed. By 1933, over 4,000 banks had closed. Between 1929 and 1932 about 1.10,000 companies had collapsed.
for more answers vist to:
See lesshttps://www.tiwariacademy.com/ncert-solutions/class-10/social-science/history/chapter-1/
Explain the causes of the Great Depression.
The main causes of the Great Depression were as follows: (i) Agricultural over-production: As the agricultural prices were failing and there was decline in agricultural income, the farmers tried to increase their income by more production. However, this resulted in further fall in prices. Farm produRead more
The main causes of the Great Depression were as follows:
(i) Agricultural over-production: As the agricultural prices were failing and there was decline in agricultural income, the farmers tried to increase their income by more production. However, this resulted in further fall in prices. Farm products rotted in the market for lack of buyers. This created more hardships of the farmers.
(ii) Financial dependence of many countries on US and crisis: Many countries of the world were dependent on US. They had taken loans from that country. It was easy to raise loans in US if everything was fine.
(iii) By the year 1929 US overseas lenders panicked at the first sign of trouble. They stopped loans to the European countries thus halting ai1 production there.
(iv) The financial problems such as failure of banks, collapse of currencies (the British pound-sterling), slump in agricultural and raw material prices. The US government doubled import duties to protect its economy and it proved to be another severe blow to world trade.
for more answers vist to:
See lesshttps://www.tiwariacademy.com/ncert-solutions/class-10/social-science/history/chapter-1/
Explain any four measures adopted by America for postwar recovery.
The US recovery was quicker than the European countries. The war had already; helped the US economy. There was, however, some trouble after the war but the US economy grew in the early 1920s due to followings measures: (i) Mass production: The growth of US economy was due to mass production. Car manRead more
The US recovery was quicker than the European countries. The war had already;
helped the US economy. There was, however, some trouble after the war but the US economy grew in the early 1920s due to followings measures:
(i) Mass production: The growth of US economy was due to mass production. Car
manufacturer Henry Ford made significant contribution in this fields. He adopted the assembly line of a Chicago slaughter-house in his new car plant in Detroit. As a result of this method, production of cars increased and a car was ready every. three-minutes. The T-Model Ford was the world’s first mass-produced car.
(ii) Hire purchase system: Increase in wages led to spurt in the purchase of refrigerators, washing machines, radio and other household products through a system of ‘hire-purchase’.
(iii) The demand in above products led to a boom in house construction and home
ownership which were again financed by loans.
(iv) In 1923 US resumed exporting capital to the rest of the world and became the largest overseas investor. US imports and exports also boomed.
for more answers vist to:
See lesshttps://www.tiwariacademy.com/ncert-solutions/class-10/social-science/history/chapter-1/
What was the condition with agricultural economies after the world war I?
The condition of countries with agricultural economies, particularly wheat producing countries was bad. During the war, for example, supply of what was disrupted in Eastern Europe. The production of wheat, however, in Canada, America and Australia increased significantly. After the war once again prRead more
The condition of countries with agricultural economies, particularly wheat producing countries was bad. During the war, for example, supply of what was disrupted in Eastern Europe. The production of wheat, however, in Canada, America and Australia increased significantly. After the war once again production in Eastern Europe was revived leading to more supply of wheat in the market. As result of it, prices of grain fell and incomes declined and farmers fell deeper into debt. the agricultural economies suffered more after the war.
for more answers vist to:
See lesshttps://www.tiwariacademy.com/ncert-solutions/class-10/social-science/history/chapter-1/
What Was the Impact of the First World War on the socio-economic conditions of the world? Write four points.
The impact of the First World War on the socio-economic conditions of the world was as mentioned below: (i) Men went to battle: Most of the men killed and maimed were men of working age. This reduced the able-bodied workforce in Europe. Thus women took up the jobs that were done by men earlier. (ii)Read more
The impact of the First World War on the socio-economic conditions of the world was as mentioned below:
(i) Men went to battle: Most of the men killed and maimed were men of working age. This reduced the able-bodied workforce in Europe. Thus women took up the jobs that were done by men earlier.
(ii) Economic links between some of the largest economic powers snapped as they were now fighting with each other.
(iii) Britain borrowed large sums and us public.
(iv) USA turned into an international creditor from being an international debtor.
for more answers vist to:
See lesshttps://www.tiwariacademy.com/ncert-solutions/class-10/social-science/history/chapter-1/