NCERT Class 10 History The Inter war Economy

Read and download NCERT Class 10 History The Inter war Economy chapter in NCERT book for Class 10 History. You can download latest NCERT eBooks for 2021 chapter wise in PDF format free from Studiestoday.com. This History textbook for Class 10 is designed by NCERT and is very useful for students. Please also refer to the NCERT solutions for Class 10 History to understand the answers of the exercise questions given at the end of this chapter

The Inter War Economy Class 10 History NCERT

Class 10 History students should refer to the following NCERT Book chapter The Inter War Economy in standard 10. This NCERT Book for Grade 10 History will be very useful for exams and help you to score good marks

The Inter War Economy NCERT Class 10

The Inter-war Economy

The First World War (1914-18) was mainly fought in Europe. But its impact was felt around the world. Notably for our concerns in this chapter, it plunged the first half of the twentieth century into a crisis that took overthree decades to overcome. During this period the world experienced widespread economic and political instability, and another catastrophic war.

3.1 Wartime Transformations

The First World War, as you know, was fought between two power blocs. On the one side were the Allies – Britain, France and Russia (later joined by the US); and on the opposite side were the Central Powers – Germany, Austria-Hungary and Ottoman Turkey. When the war began in August 1914, many governments thought it would be over by Christmas. It lasted more than four years. The First World War was a war like no other before. The fighting involved the world’s leading industrial nations which now harnessed the vast powers of modern industry to inflict the greatest possible destruction on their enemies.

This war was thus the first modern industrial war. It saw the use of machine guns, tanks, aircraft, chemical weapons, etc. on a massive scale. These were all increasingly products of modern largescale industry. To fight the war, millions of soldiers had to be recruited from around the world and moved to the frontlines on large ships and trains. The scale of death and destruction – 9 million dead and 20 million injured – was unthinkable before the industrial age, without the use of industrial arms.

Most of the killed and maimed were men of working age. These deaths and injuries reduced the able-bodied workforce in Europe. With fewer numbers within the family, household incomes declined after the war. During the war, industries were restructured to produce war-related goods. Entire societies were also reorganised for war – as men went to battle, women stepped in to undertake jobs that earlier only men were expected to do.

The war led to the snapping of economic links between some of the world’s largest economic powers which were now fighting each other to pay for them. So Britain borrowed large sumsof money from US banks as well as the US public. Thus the war transformed the US from being an international debtor to an international creditor. In other words, at the war’s end, the US and its citizens owned more overseas assets than foreign governments and citizens owned in the US.

3.2 Post-war Recovery

Post-war economic recovery proved difficult. Britain, which was the world’s leading economy in the pre-war period, in particular faced a prolonged crisis. While Britain was preoccupied with war, industries had developed in India and Japan. After the war Britain found it difficult to recapture its earlier position of dominance in the Indian market, and to compete with Japan internationally. Moreover, to finance war expenditures Britain had borrowed liberally from the US. This meant that at the end of the war Britain was burdened with huge external debts.

The war had led to an economic boom, that is, to a large increase in demand, production and employment. When the war boom ended, production contracted and unemployment increased. At the same time the government reduced bloated war expenditures to bring them into line with peacetime revenues. These developments led to huge job losses – in 1921 one in every five British workers was out of work. Indeed, anxiety and uncertainty about work became an enduring part of the post-war scenario.

Many agricultural economies were also in crisis. Consider the case of wheat producers. Before the war, eastern Europe was a major supplier of wheat in the world market. When this supply was disrupted during the war, wheat production in Canada, America and Australia expanded dramatically. But once the war was over, production in eastern Europe revived and created a glut in wheat output. Grain prices fell, rural incomes declined, and farmers fell deeper into debt.

 

Please refer to attached file for NCERT Class 10 History The Inter-war Economy

Tags: 

 


Click to View or Download pdf file
Click for more Social Science Study Material
Contemporary India II Chapter 1 Resources and Development
NCERT Class 10 Economics Contemporary India Resources and Development
Contemporary India II Chapter 2 Forest and Wildlife Resources
NCERT Class 10 Economics Contemporary India Forest and Wildlife Resources
Contemporary India II Chapter 3 Water Resources
NCERT Class 10 Economics Contemporary India Water Resources
Contemporary India II Chapter 4 Agriculture
NCERT Class 10 Economics Contemporary India Agriculture
Contemporary India II Chapter 5 Minerals and Energy Resources
NCERT Class 10 Economics Contemporary India Minerals and Energy Resources
Contemporary India II Chapter 6 Manufacturing Industries
NCERT Class 10 Economics Contemporary India Manufacturing Industries
Contemporary India II Chapter 7 Lifelines of National Economy
NCERT Class 10 Economics Contemporary India Lifelines of National Economy
Democratic Politics II Chapter 1 Power Sharing
NCERT Class 10 Political Science Power Sharing
Democratic Politics II Chapter 2 Federalism
NCERT Class 10 Political Science Federalism
Democratic Politics II Chapter 3 Democracy and Diversity
NCERT Class 10 Political Science Democracy and Diversity
Democratic Politics II Chapter 4 Gender Religion and Caste
NCERT Class 10 Political Science Gender Religion and Caste
Democratic Politics II Chapter 5 Popular Struggles and Movements
NCERT Class 10 Political Science Popular Struggles and Movements
Democratic Politics II Chapter 6 Political Parties
NCERT Class 10 Political Science Political Parties
Democratic Politics II Chapter 7 Outcomes of Democracy
NCERT Class 10 Political Science Outcomes of Democracy
Democratic Politics II Chapter 8 Challenges to Democracy
NCERT Class 10 Political Science Challenges to Democracy
India and Contemporary World II Chapter 1 The Rise of Nationalism in Europe
NCERT Class 10 History The Rise of Nationalism in Europe
India and Contemporary World II Chapter 2 Nationalism in India
NCERT Class 10 History Nationalism in India
India and Contemporary World II Chapter 3 The Making of a Global World
NCERT Class 10 History The Making of a Global World
India and Contemporary World II Chapter 4 The Age of Industrialisation
NCERT Class 10 History The Age of Industrialisation
Old Chapters
NCERT Class 10 History Before the Industrial Revolution
NCERT Class 10 History Characteristics of the City
NCERT Class 10 History Cities and the Challenge of the Environment
NCERT Class 10 History Differing Strands within the Movement
NCERT Class 10 History Emerging from the Shadow of China
NCERT Class 10 History Factories Come Up
NCERT Class 10 History Hand Labour and Steam Power
NCERT Class 10 History Hygiene Disease and Everyday Resistance
NCERT Class 10 History India and the World of Print
NCERT Class 10 History Industrialisation in the Colonies
NCERT Class 10 History Market for Goods
NCERT Class 10 History Nationalism and Imperialism
NCERT Class 10 History New Forms of Publication
NCERT Class 10 History Novels in the Colonial World
NCERT Class 10 History Politics in the City
NCERT Class 10 History Print and Censorship
NCERT Class 10 History Print Comes to Europe
NCERT Class 10 History Rebuilding a World Economy
NCERT Class 10 History Religion and Anti colonialism
NCERT Class 10 History Religious Reform and Public Debates
NCERT Class 10 History Social Change in the City
NCERT Class 10 History The Age of Revolutions 1830 1848
NCERT Class 10 History The City in Colonial India
NCERT Class 10 History The Communist Movement
NCERT Class 10 History The Dilemma of Colonial Education
NCERT Class 10 History The End of the War
NCERT Class 10 History The First Printed Books
NCERT Class 10 History The First World War
NCERT Class 10 History The Inter war Economy
NCERT Class 10 History The Making of Germany and Italy
NCERT Class 10 History The Making of Nationalism in Europe
NCERT Class 10 History The Nation and Its Heroes
NCERT Class 10 History The Nation and its History
NCERT Class 10 History The Nationalist Movement in Indo China
NCERT Class 10 History The Nineteenth Century
NCERT Class 10 History The Nineteenth Century1
NCERT Class 10 History The Novel Comes to India
NCERT Class 10 History The Peculiarities of Industrial Growth
NCERT Class 10 History The Print Revolution and Its Impact
NCERT Class 10 History The Reading Mania
NCERT Class 10 History The Rise of the Novel
NCERT Class 10 History The Sense of Collective Belonging
NCERT Class 10 History The Vision of Modernisation
NCERT Class 10 History Towards Civil Disobedience
NCERT Class 10 History Visualising the Nation
NCERT Class 10 History Women and the Novel
Understanding Economic Development Chapter 1 Development
NCERT Class 10 Economics Development
Understanding Economic Development Chapter 2 Sectors of the Indian Economy
NCERT Class 10 Economics Sectors Of The Indian Economy
Understanding Economic Development Chapter 3 Money and Credit
NCERT Class 10 Economics Money And Credit
Understanding Economic Development Chapter 4 Globalisation and the Indian Economy
NCERT Class 10 Economics Globalisation And The Indian Economy
Understanding Economic Development Chapter 5 Consumer Rights
NCERT Class 10 Economics Consumer Rights

Latest NCERT & CBSE News

Read the latest news and announcements from NCERT and CBSE below. Important updates relating to your studies which will help you to keep yourself updated with latest happenings in school level education. Keep yourself updated with all latest news and also read articles from teachers which will help you to improve your studies, increase motivation level and promote faster learning

Board Exams Date Sheet Class 10 and Class 12

Datesheet for CBSE Board Exams Class 10  (Scroll down for Class 12 Datesheet) Datesheet for CBSE Board Exams Class 12

Class 10th and 12th Term 2 Revaluation Process 2022

Evaluation of the Answer Books is done under a well-settled Policy. To ensure that the evaluation is error free, CBSE is taking several steps. After strictly following these steps, the result is prepared. Though, CBSE is having a well-settled system of assessment,...

CBSE Term 2 Board Examinations

CBSE vide Circular No.Acad-51/2021 dated 5th July, 2021, notified that in the session 2021-2022, Board Examinations would be conducted in two terms, i.e.. Term I and Term II. This decision was taken due to the uncertainty arising out of COVID 19 Pandemic. Term I...

Celebration of Matribhasha Diwas Mother Language day

UNESCO has declared 21st February of every year to be celebrated as International Mother Language day to promote dissemination of Mother Language of all, create awareness of linguistic and cultural traditions and diversity across the world and to inspire solidarity...