explain the impact of the Great Depression on Indian farmers in 22 century
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During World War I, farmers worked hard to produce record crops and livestock. When prices fell they tried to produce even more to pay their debts, taxes and living expenses. In the early 1930s prices dropped so low that many farmers went bankrupt and lost their farms.
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The farmers during the great depression were the major sufferers as they tried to produce even more to pay their debts, taxes and living expenses. When the the prices dropped so low that many farmers went bankrupt and lost their farms
Explanation:
- India was a a major exporter of wheat to European countries. Due to the great depression the international prices of wheat crashed in India and it fell almost by 50%.
- The peasants and farmers were the worst sufferers when the prices of the crops declined, the government refused to reduce the revenues
- The farmers worked hard to produce record crops and livestock. When prices fell they tried to produce even more to pay their debts and many farmers went bankrupt and lost their farms
To know more about great depression
Causes of Great Depression
https://brainly.in/question/9760408
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