Skip to main content
Super TutorResources
Chapter 27 of 28
QuestionsNotesFlashcardsSummaryFormulasQuizConceptsSyllabusPlan
Syllabus

The changing world economy since 1900

ICSE · Class 12 · History

Complete topic list for The changing world economy since 1900 in ICSE Class 12 History. Key concepts, sub-topics, and what to focus on for board exams.

69 questions38 flashcards5 concepts

Interactive on Super Tutor

Studying The changing world economy since 1900? Get the full interactive chapter.

Quizzes, flashcards, AI doubt-solver and a step-by-step study plan — built for syllabus and more.

Try Super Tutor — Free

1,000+ Class 12 students started this chapter today

4 Topics · ICSE Class 12 History

Topics in The changing world economy since 1900

1

1. Shift in world industrial leadership

  • In the nineteenth century Britain led world industry and trade, but Germany and the USA caught up in the late nineteenth century.
  • By 1914 the USA was the world's leading industrial nation.
  • In 1880 Britain produced roughly twice as much coal and pig iron as the USA, but by 1900 the USA had overtaken Britain.
2

2. The capitalist and communist blocs after 1945

  • After 1945 the world split into capitalist and communist blocs.
  • The capitalist bloc consisted of the USA, Canada, western Europe, Japan, Australia and New Zealand.
  • The capitalist bloc believed in private enterprise, private ownership of wealth, profit, and ideally a minimum of state interference.
3

3. The Third World and the North-South divide

  • The term Third World began in the 1950s for countries that were neither part of the First World nor the Second World.
  • Most Third World countries were former colonies in Africa, Asia and Latin America.
  • By 1970 the Third World contained roughly 70 per cent of the world's population.
4

4. Oil, industrialization, and a split within the Third World

  • In 1973 OPEC began charging more for oil, partly to conserve supplies.
  • The higher oil prices enriched Middle East oil-producing states, Nigeria and Libya.
  • Libya under Colonel Gaddafi became an African success story because oil profits were used for agricultural and industrial development and for a welfare state.

Key Concepts

Central concept: Major shifts in the world economy from industrial dominance to globalization, inequality, environmental crisis, and financial instability

Rise of the USABritain's declineWorld Wars and economic changeCapitalist and communist blocsThe Third WorldNorth-South divideThird World povertyBrandt Report

Frequently Asked Questions

What are the important topics in The changing world economy since 1900 for ICSE Class 12 History?
The changing world economy since 1900 covers several key topics that are frequently asked in ICSE Class 12 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
How to score full marks in The changing world economy since 1900 — ICSE Class 12 History?
Understand the core concepts first, then work through the 69 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

More resources for The changing world economy since 1900

All 28 chapters — ICSE Class 12 History Syllabus

For serious students

Get the full The changing world economy since 1900 chapter — for free.

Quizzes, flashcards, AI doubt-solver and a step-by-step study plan for ICSE Class 12 History.

Try Super Tutor Free
Try the full chapter — Free