Question

Explain the effect of worldwide economic depression on India towards let 1920.​

Answer 1

Answer:

The effects of worldwide depression on India were as follows

(i) India’s trade was affected, exports decreased as international prices crashed.

(ii) Agricultural prices fell due to which burners could not

sell their produce and the British government continued to take high taxes.

(iii) The economic instabality and colonial rule provided an opportunity to Mahatma Gandhi to launch the Civil Disobedience Movement in 1930.

Answer 2

The effects of ‘worldwide economic depression’ on

India, towards late 1920s were:

a. The defence expenditure was financed by the

war loans. The increased taxes, raising the

custom duties and introducing the income tax,

and increased prices of the commodities caused

economic hardship for the common people.

b. For the continuous supply of the soldiers the

villages were called upon and recruitment was

done forcefully.

c. There was a period of crop failure in many parts

of the country which caused acute food shortages

and millions of people perished due to the famine

and the epidemics.