five measure adopted by USA for post war recovery...
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Heyya!
a.USA started production in masses which helped in lowering the cost of production. Henry Ford , the car manufacturer is a living example . He used 'assembly line " method for rapid and cheaper production.
b. The household commodities had a great demand which formed the basis of prosperity in US. Huge investments were made in household goods and housing as well. This created more employment and incomes,
c. In 1923 US , began exporting capital to most of the countries and came to be known as the biggest overseas lender.
d. There was an increase in production of refrigerators, washing machines etc . all these were purchased through "hire purchase' system where credit is repaid either in weekly or monthly instalments.
Hope it helps!
a.USA started production in masses which helped in lowering the cost of production. Henry Ford , the car manufacturer is a living example . He used 'assembly line " method for rapid and cheaper production.
b. The household commodities had a great demand which formed the basis of prosperity in US. Huge investments were made in household goods and housing as well. This created more employment and incomes,
c. In 1923 US , began exporting capital to most of the countries and came to be known as the biggest overseas lender.
d. There was an increase in production of refrigerators, washing machines etc . all these were purchased through "hire purchase' system where credit is repaid either in weekly or monthly instalments.
Hope it helps!
saurav84:
thnq
Answered by
4
14]
Ans. (i) Food and other products : Food and
Other products started flowing from far
away places. It was no longer grown by a
peasant tilling his own land, but by an
agricultural worker, perhaps recently arrived,
who was now working on a large farm that
only a generation ago. had perhaps been a
forest.
(ii) Infrastructure : The food and other
products being transported by railways bud:
for that very purpose and by ships which
were increasingly manned in these decades
by low paid workers from southern Europe
Asia Africa and the Caribbean Islands.
(iii) Raw materials : Indian farmers were
producing raw cotton and other farm
products to British industry. World trade
between 1820 and 1914 multiplied about 25
to 40 times.
(iv) Scrapping of Corn Law : The scrapping
of the Corn Laws laid the foundation of free
trade. Now food could be imported or
exported into Britain freely.
(v) Commercialisation of agriculture in
colonies: The imperial countries took
various steps to commercialise agriculture
in their colonies. For example. British
government built a network of irrigation
canals to transform semi desert w
Ans. (i) Food and other products : Food and
Other products started flowing from far
away places. It was no longer grown by a
peasant tilling his own land, but by an
agricultural worker, perhaps recently arrived,
who was now working on a large farm that
only a generation ago. had perhaps been a
forest.
(ii) Infrastructure : The food and other
products being transported by railways bud:
for that very purpose and by ships which
were increasingly manned in these decades
by low paid workers from southern Europe
Asia Africa and the Caribbean Islands.
(iii) Raw materials : Indian farmers were
producing raw cotton and other farm
products to British industry. World trade
between 1820 and 1914 multiplied about 25
to 40 times.
(iv) Scrapping of Corn Law : The scrapping
of the Corn Laws laid the foundation of free
trade. Now food could be imported or
exported into Britain freely.
(v) Commercialisation of agriculture in
colonies: The imperial countries took
various steps to commercialise agriculture
in their colonies. For example. British
government built a network of irrigation
canals to transform semi desert w
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