explain the impact of great depression of 1929 on the Indian economy giving three points
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Answered by
634
its there in page no 95 - 97 of ur history text book.
by reading it u will be able to understand it very clearly. :)
> 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.
HOPE THIS CAN HELP U :)
by reading it u will be able to understand it very clearly. :)
> 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.
HOPE THIS CAN HELP U :)
frediefilzha13:
thanks llml
ur welcm :)
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Describe the impact of Great depression on indian economy
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