Question

Describe the nature of global economy of 19th century

Answer 1

this global economy was beneficia for some and brought misery for others

1. extensive excahge of goods, labour and capital was taking place between europe and countries like australia, america etc.

2.indentured labour migration from india.

3europeans conquered amy countries to make them their colonies and make them produce industrial as well as agricutural products for them.  ex. of such a country is africa.

Answer 2

a) By 1890, a global agriculture economy had taken shape. It was accompanied by complex changes in labour movement, capital flows, ecology and technology.
(b) Food no longer came from a nearby village or town but from thousands of miles away. Forests were cleared by agricultural labourers of other countries and the land tilled and cultivated by them.
(c) Railways were built to carry migrant population and ships to carry labour. These were manned by low paid workers of Europe, Asia and the Caribbeans.
(d) As a result of this self-sufficiency of good production ended.
(e) As urban centres expanded, the demand for food increased and there was a rise in food prices. Food could now be imported from other countries.


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