The Making Of A Global World - Important Terms And Concepts
Category : 10th Class
The Making of a Global World
IMPORTANT TERMS AND CONCEPTS
- Global (Worldwide). Involving all countries of the globe.
- Globalisation. Integrating economy of a country with the economies of other countries under condition of free flow of trade, capital and labour.
- Cowries. A Hindi word meaning sea shells. These are used in ancient world as a form of currency.
- Silk Route. Route taken by traders to carry silk cargos from China to the west.
- Spaghetti. A type of noodle popular in Italy.
- El Dorado. Imaginary land of great wealth. Fabled land of gold.
- Plantation. Estate for cultivation of cash crops like tea, coffee, cotton, tobacco, sugar cane, etc.
- Corn Laws. British laws which imposed restrictions on the import of Corn.
- Ecology. Study of organisms in relation to one another and to their surroundings.
- The Canal Colonies. The colonies/areas irrigated by new canals, where peasants from different parts of Punjab settled.
- rinderpest. Cattle Plague-a fast spreading disease among cattle.
- rastafaria. A Jamaican sect, the members of which regarded blacks as the chosen people.
- Chutney Music (popular music in Trinidad). Supposed to be the result of cultural fusion.
- Entrepreneur. One who undertakes commercial enterprise with chance of profit or loss. Starts enterprise by himself/herself at his/her own risk.
- Hosay. A riotous carnival in Trinidad when workers of all races and religions join to celebrate.
- Coolie. Unskilled native labourers. 'Indentured Indian labourers were often referred to as coolie' in Trinidad.
- Indigo. Deep violet-blue colour.
- Allies. Before the First World War Britain, France and Russia (later USA) formed an alliance and fought together in the First World War. Together they were known as the Allies.
- Central Powers. An alliance formed by Germany, Austria-Hungary, Italy (later Turkey) - Fought together in the First World War.
- Axis Powers. Germany, Italy, Austria, Turkey were known as Axis Powers during the Second World War.
- IMF. International Monetary Fund.
- NIEO. New International Economic Order.
- Fixed Exchange Rate. The rate which is officially fixed by the government and does not vary with changes in demand and supply of foreign currency.
- Floating Exchange Rate. These rates fluctuate depending on demand and supply of foreign currency.
