Students can refer to Notes And Questions For NCERT Class 10 Social Science The Making of a Global World below designed as per the latest syllabus and examination pattern for CBSE Class 10 Social Science
Introduction- The making of the global world has a long history – of trade, of migration, of people in search of work, the movement of capital, and much else. As we think about the dramatic and visible signs of global interconnectedness in our lives today, we need to understand the phases through which this world in which we live has emerged.
Points to Remember
(1) Globalization- worldwide integration of economic, cultural, political, religious, and social systems. This means that goods and services, capital, and labour are traded on a worldwide basis, and information and the results of research flow readily between countries.
(2) Silk routes- The Silk Route was a historic trade route that dated from the second century B.C. until the 14th century A.D. It stretched from Asia to the Mediterranean, traversing China, India, Persia, Arabia, Greece, and Italy .It was dubbed the Silk Route because of the heavy silk trading that took place during that period.
(3) Corn Law- The laws allowing the government (U.K.) to restrict the import of corn were commonly known as the Corn Laws.
(4) Rinderpest Plague- Rinderpest is a fast spreading cattle plague which hit Africa in the late 1880s.
(5) The Bretton Woods institutions- The International Monetary Fund (IMF), and the World Bank were created to bring about orderly development of the world economy in the post-World War II era.
(6) Indentured labour- A bonded labourer under contract to work for an employer for a specific amount of time, to pay off his passage to a new country or home.
(7) Flow of Labour- Migration of people to new areas in search of work.
(8) Hosay- Trinidad the annual Muharram procession was transformed into a riotous carnival called ‘Hosay’ (for Imam Hussain) in which workers of all races and religions joined.
(9) G-77: G-77 was a group organized by developing countries to demand a New International Economical Order (NIEO) which would give these countries real control over their national resources, raw material, manufactured goods and their markets.
(10) Veto- A constitutional right to reject a decision or proposal made by a law making body.
(11) Tariff- Tax imposed on a country’s imports from the rest of the world. Tariffs are levied at the point of entry, i.e., at the border or the airport.
(12) Exchange Rates- They link national currencies for purposes of international trade. There are broadly two kinds of exchange rates: fixed exchange rate and floating exchange rate.