explain about Great Depression and what are the causes of it on India?
Answers
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The Great Depression of 1929 had a very severe impact on India, which was then under the rule of the British Raj. ... The Government of British India adopted a protective trade policy which, though beneficial to the United Kingdom, caused great damage to the Indian economy.
The great depression was the worst economic downturn in the history of the industrialized world lasting from 1929 to 1939 . it began after the stock market cash of october 1929 which sent wall street into a panic and wiped out million of investors
The stoch market crash of 1929 touched off a chain of events that plunged the unites states into a longest deepest economic crisis of its history . it is a far too simplistic to view the stock market crash as the single cause of the great depression . A healthy economic can recover from such a contraction
Efficient machinery led to overproduction and law demand . workers wages did not increase to keep up with quick production . sales decreased and workers were laid off
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