Question

explain any three effect of dispersion of 1929 on the Indian economy

Answer 1

> the great dpression began around 1929 n lasted till the mid 1930s . 

> during this period most parts of the world experienced catastrophic declines in production , employment , incomes n trade.

> the dpression immediately affected the indian trade. 

> india's exports n imports nearly halved between 1928 n 1934.

> as international prices crashed , prices in india also plunged.

> peasants n farmers suffered more than urban dwellers.

> the jute producers of bengal were hardly hit by this depression.

> the price of raw jute fell by 60 % n with a result , the jute growers fell undr debt deeper n deeper.

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