What was the Bretton wood system?
The Bretton Wood Conference established the International Monetary Fund (IMF) to deal with external surplus and deficits of its member nations. The IMF and World Bank are referred as twins of Bretton Woods. The post-war international economic system is also described as the Bretton Woods System.
What did indentured labour mean?
Bonded labor is a specific form of forced labor in which compulsion into servitude is derived from debt. Child labor, agricultural debt bondage, and bonded migrant labor are persistent forms of modern slavery that fall under the Indian constitutional definition of forced labor.
What were ‘Canal Colonies’?
The British Indian government built a network of irrigation canals to transform semi-desert wastes into fertile agricultural lands that could grow wheat and cotton for export. The Canal Colonies, as the areas irrigated by the new canals were called, were settled by peasants from other parts of Punjab.
Which food traveled west from china to be called “Spaghetti’?
Which disease spread like wild fire in Africa in the 1890’s?
Which was the tabled city of gold?
El Dorado it was called the fabled city of gold in Peru and mexico south america . It was an imaginary city in the 17th century and this was the main reason why the Portugeese and the Spanish colonisers wanted to colonize AMERICA ( at that time america was used to refer to South america , north America and the Carribbean.
Who adopted the concept of assembly line to produce automobiles ?
The Descendants of indentures workers is a Noble Prize winning writer is-
Sir Vidiadhar Surajprasad Naipaul TC was a Trinidadian and Tobagonian British writer of works of fiction and nonfiction in English. He received a knighthood in Britain in 1990, and in 2001, the Nobel Prize in Literature. In the late 19th century, Naipaul's grandparents had emigrated from India to work in Trinidad's plantations as indentured servants.
The great Depression begin in
The Great Depression was the worst economic downturn in the history of the industrialized world, lasting from 1929 to 1939. It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors.
What was the main reason behind the world shrank?
The American continent was discovered only when the sea-route through the Atlantic Ocean to America was found.
Due to both of the above reasons, there was increased interaction among the people living in various continents of the world, thus causing the world to 'Shrink' in metaphorical terms.