Chapter 4: The Making of a Global World

History • Class 10 • India and the Contemporary World-II

The Making of a Global World

Saved in Database

History • Class 10 • India and the Contemporary World-II

It: believed that noodles travelled west from China to become spaghetti.
China: said to have restricted overseas contacts and retreated into isolation.
The first: the flow of trade which in the nineteenth century referred largely to trade in goods (e.
The second: the flow of labour – the migration of people in search of employment.
The third: the movement of capital for short-term or long-term investments over long distances.
A World Economy Takes Shape A good place to start: the changing pattern of food production and consumption in industrial Europe.
It: important to realise that there was a darker side to this process.
This: a good example of the widespread European imperial impact on colonised societies.
Deductions are also made from wages if the work: considered to have been done unsatisfactorily.
This: how a multilateral settlement system works – it allows one country’s deficit with another country to be settled by its surplus with a third country.
The international monetary system: the system linking national currencies and monetary system.

Thus by 1890, a global agricultural economy had taken shape, accompanied by complex changes in labour movement patterns,
Some of this dramatic change, though on a smaller scale, occurred closer home in west Punjab. Here the British Indian government