Q1. Why did Europeans flee to America in the nineteenth century? Explain. Marks 3
OR
State three reasons why Europeans fled to America in the 19th century.
Ans. Europeans fled to America in the 19th century because:
Q2. "Indian trade had played a crucial role in the late nineteenth-century world economy". Analyze the statement. Marks 5
Ans. Indian trade played a crucial role in the late nineteenth-century world economy. This statement can be analyzed through the following facts:
Q3. Describe the economic conditions of Britain after the ‘First World War’. Marks 3
OR
Explain the impact of the First World War on the British economy.
OR
Explain the three impacts of the First World War on the British economy.
Ans. Economic conditions of Britain after the First World War: After the First World War, Britain found it difficult to recapture its earlier position. Britain was burdened with huge external debts. The war had led to an economic boom, a large increase in demand, production and employment. When the war boom ended, production contracted and unemployment increased. At the same time, the government reduced bloated war expenditures to bring them into line with peace time revenues. These debts led to huge job losses. Many agricultural economists were also in crisis. Note: If a candidate writes in points, it is also to be considered.
Q4. Read the sources given below and answer the questions that follows:
SOURCE A: Wartime Transformations [NCERT History Ch. 3 Page 68] The First World War, as you know, was fought between two power blocs. On the one side were the Allies – Britain, France and Russia (later joined by the US); and on the opposite side were the Central Powers – Germany, Austria-Hungary and Ottoman Turkey. When the war began in August 1914, many governments thought it would be over by Christmas. It lasted more than four years. The First World War was a war like no other before. The fighting involved the world’s leading industrial nations which now harnessed the vast powers of modern industry to inflict the greatest possible destruction on their enemies.
SOURCE B: Post-War Recovery [NCERT History Ch. 3 Page 69] Post-War economic recovery proved difficult. Britain, which was the world’s leading economy in the pre-war period, in particular faced a prolonged crisis. While Britain was preoccupied with war, industries had developed in India and Japan. After the war, Britain found it difficult to recapture its earlier position of dominance in the Indian market, and to compete with Japan internationally. Moreover, to finance war expenditures Britain had borrowed liberally from the US. This meant that at the end of the war Britain was burdened with huge external debts. The war had led to an economic boom, that is, to a large increase in demand, production and employment. When the war boom ended, production contracted and unemployment increased. At the same time the government reduced bloated war expenditures to bring them into line with peacetime revenues. These developments led to huge job losses – in 1921 one in every five British workers was out of work. Indeed, anxiety and uncertainty about work became an enduring part of the post-war scenario.
SOURCE C: Rise of Mass-Production and Consumption [NCERT History Ch. 3 Page 69-70] In the US, recovery was quicker. We have already seen how the war helped boost the US economy. After a short period of economic trouble in the years after the war, the US economy resumed its strong growth in the early 1920s. One important feature of the US economy of the 1920s was mass production. The move towards mass production had begun in the late nineteenth century, but in the 1920s it became a characteristic feature of industrial production in the US. A well-known pioneer of mass production was the car manufacturer Henry Ford. He adapted the assembly line of a Chicago slaughterhouse (in which slaughtered animals were picked apart by butchers as they came down a conveyor belt) to his new car plant in Detroit. He realised that the ‘assembly line’ method would allow a faster and cheaper way of producing vehicles. The assembly line forced workers to repeat a single task mechanically and continuously – such as fitting a particular part to the car – at a pace dictated by the conveyor belt. This was a way of increasing the output per worker by speeding up the pace of work. Standing in front of a conveyor belt no worker could afford to delay the motions, take a break, or even have a friendly word with a workmate. As a result, Henry Ford’s cars came off the assembly line at three-minute intervals, a speed much faster than that achieved by previous methods. The T-Model Ford was the world’s first mass-produced car.
SOURCE A: Wartime Transformations
(i) Which were the two power blocs in the First World War?
SOURCE B: Post-War Recovery
(ii) Britain, which was the world's leading economy in the pre-war period, in particular faced a prolonged crisis. Comment on this statement.
SOURCE C: Rise of Mass-Production and Consumption
(iii) The 'assembly line' method would allow a faster and cheaper way of producing vehicles. How?
Ans. (i) Two power blocs in the First World War were: On the one side were the Allies – Britain, France and Russia (later joined by the US); and on the opposite side were the Central Powers – Germany, Austria-Hungary and Ottoman Turkey.
(ii) While Britain was preoccupied with war, industries had developed in India and Japan. After the war Britain found it difficult to recapture its earlier position of dominance in the Indian market, and to compete with Japan internationally. Moreover, to finance war expenditures Britain had borrowed liberally from the US. This meant that at the end of the war Britain was burdened with huge external debts.
(iii) The assembly line forced workers to repeat a single task mechanically and continuously – such as fitting a particular part to the car – at a pace dictated by the conveyor belt. This was a way of increasing the output per worker by speeding up the pace of work. Standing in front of a conveyor belt no worker could afford to delay the motions, take a break, or even have a friendly word with a workmate.
Q5. Mention three reasons for the creation of the International Monetary Fund and the World Bank.
Ans.
Q6. What do G-77 countries want to gain from the New International Economic Order? Describe.
OR
What is G-77? What were its demands?
OR
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?
Ans. G-77 or Group of 77 refers to the seventy seven developing countries that did not benefit from the fast growth western economies experienced in 1950s and 1960s. So, they organized themselves into G-77. They demanded:
Q7. Consider the jute producers of Bengal. They grew raw jute that was processed in factories for export in the form of gunny bags. But as gunny exports collapsed, the price of raw jute crashed more than 60 per cent. Peasants who borrowed in the hope of better times or to increase output in the hope of higher incomes faced ever lower prices, and fell deeper and deeper into debt. Thus the Bengal jute growers’ lament: Grow more jute, brothers, with the hope of greater cash. Costs and debts of jute will make your hopes get dashed. When you have spent all your money and got the crop off the ground,… traders, sitting at home, will pay only Rs 5 a maund.
(a) The Great Depression
(b) India and the Great Depression
(c) Post-War Recovery
(d) Rise of mass Production and Consumption
Ans. (b) India and the Great Depression
Q8. What do 'Silk Routes refer to?
Ans. Network of routes connecting Asia with Europe and Northern Africa.
Q9. Who discovered the continent of America?
Ans. Christopher Columbus.
Q10. Who was a well-known Pioneer of mass production?
Ans. Henry Ford
Q11. ______ was a Nobel Prize winning writer who was a descendant of indentured labour from India.
Ans. V.S. Naipaul
Q12. ______ discovered the American Continent.
Ans. Christopher Columbus
Q13. Britain and Russia were known as ______ powers in the First World War.
Ans. Allied
Q14. Explain the destruction caused during the Second World War. Mention two crucial influences which shaped post-war reconstruction.
Ans.
Two crucial influences:
First: U.S’s emergence as military power in the western world.
Second: Dominance of the Soviet Union.
Q15. Elucidate any three factors that led to the Great Depression.
Ans.
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