Question

explain the impact of great depression of 1929 on indian economy? give three points

Answer 1

The Great Depression lasted from 1929 to 1939, and was the worst economic downturn in the history of the industrialized world. It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors.

Answer 2

Answer:

1. Indian imports as well as exports almost halved between 1928 and 1934.

1. Indian imports as well as exports almost halved between 1928 and 1934.2. As International prices crashed prices in India also plunged.

1. Indian imports as well as exports almost halved between 1928 and 1934.2. As International prices crashed prices in India also plunged.3. Wheat prices fell by 50%.