HISTORY CH- 3 Flashcards
What is Globalization?
Globalisation is the process of rapid integration or interconnection between countries . More and more goods and services , investment and technology is
moving between countries.
It examines the interconnectedness of societies through trade, migration, and exploration, impacting economies, cultures, and societies across time
First world War took place during?
1914-1918
What were the traces of Globalization?
- In 3000 BCE an active coastal trade linked the Indus valley civilisations with present-day West Asia.
- cowries (the Hindi cowdi or seashells, used as a form of currency) from the Maldives found their way to China and East Africa.
Indus Valley-West Asia and Maldives- china and East Africa
Who invented the cotton gin, which revolutionised the textile industry in the early 19th century?
Eli Whitney
The concept of ‘mercantilism’ was based on the idea of:
accumulating wealth through a favorable balance of trade
why is it called ‘silk routes’?
‘silk routes’ points to the importance of West-bound Chinese silk cargoes along this route.
On what the Bretton Woods system was based on?
The Bretton Woods system was based on the US dollar’s convertibility to gold at a fixed rate, and other currencies being pegged to the US dollar. It was also known as the “gold exchange standard” system. a
Explain the effects of the Great Depressionof 1929 on the United States?
Economic Decline: Widespread unemployment and significant declines in industrial production and consumer spending were observed.
Social Impact: Many families faced poverty, leading to homelessness and malnutrition, as well as the rise of shantytowns known as “Hoovervilles.”
Political Changes: The economic crisis led to shifts in political attitudes, paving the way for the New Deal policies under President Franklin D. Roosevelt.
Explain how did the abolition of Corn Laws in Britain led to the emergence of a global agricultural economy?
- Increased Imports: With the removal of tariffs on imported grain, Britain could access cheaper food, which lowered prices and boosted consumer purchasing power.
- Promotion of Free Trade: The repeal encouraged free trade policies, facilitating international exchanges and creating new markets for agricultural products.
3.Global Supply Chains: Countries like the U.S. and Australia increased their agricultural exports to Britain, establishing global supply chains for staple foods.
4.Investment in Agriculture: The demand for agricultural goods led to investments in farming technologies and practices in exporting nations, enhancing productivity.
5.Colonial Specialization: Colonies began focusing on cash crops and staples for export to Britain, further integrating global agricultural trade.
In what ways did food items offer scope for long distance cultural exchange? Explain
- Trade Networks
Spices and commodities were traded across routes like the Silk Road, spreading culinary practices and ideas. - Culinary Influence
New ingredients led to fusion cuisines, such as the incorporation of tomatoes in Italian cooking. - Agricultural Exchange
The Columbian Exchange introduced crops like potatoes to Europe and wheat to the Americas, transforming diets. - Cultural Practices
Food is central to festivals and rituals, allowing diverse ingredients to become part of local traditions. - Migration
Migrants brought their culinary traditions to new regions, enriching local food cultures. - Globalization
Global food chains have spread culinary practices worldwide, blending local and international cuisines.
What do you mean by ‘Indentured Labour?
Indentured labor refers to a system where individuals agree to work for a specific period, usually in exchange for passage to a new country, room and board, or other benefits. Also Known As BONDED LABOUR
Name the famous Indian descent who lived in West Indies and received Nobel Prize for literature?
V. S. Naipaul
