How did the Great Depression of 1929 affect the farmers and the middle classes in India in different ways ?
Answers
Answered by
37
The Great Depression of 1929 had a very severe impact on India, which was then under the rule of the British Raj.
The Government of British India adopted a protective trade policy which, though beneficial to the United Kingdom, caused great damage to the Indian economy.
During the period 1929–1937, exports and imports fell drastically crippling seaborne international trade. The railways and the agricultural sector were the most affected.
The international financial crisis combined with detrimental policies adopted by the Government of India resulted in the soaring prices of commodities.
High prices along with the stringent taxes prevalent in British India had a dreadful impact on the common man.
The discontent of farmers manifested itself in rebellions and riots.
The Salt Satyagraha of 1930 was one of the measures undertaken as a response to heavy taxation during the Great Depression.
The Great Depression and the economic policies of the Government of British India worsened the already deteriorating Indo-British relations. When the first general elections were held according to the Government of India Act 1935, anti-British feelings resulted in the Indian National Congress winning in most provinces with a very high percentage of the vote share.
The Government of British India adopted a protective trade policy which, though beneficial to the United Kingdom, caused great damage to the Indian economy.
During the period 1929–1937, exports and imports fell drastically crippling seaborne international trade. The railways and the agricultural sector were the most affected.
The international financial crisis combined with detrimental policies adopted by the Government of India resulted in the soaring prices of commodities.
High prices along with the stringent taxes prevalent in British India had a dreadful impact on the common man.
The discontent of farmers manifested itself in rebellions and riots.
The Salt Satyagraha of 1930 was one of the measures undertaken as a response to heavy taxation during the Great Depression.
The Great Depression and the economic policies of the Government of British India worsened the already deteriorating Indo-British relations. When the first general elections were held according to the Government of India Act 1935, anti-British feelings resulted in the Indian National Congress winning in most provinces with a very high percentage of the vote share.
Answered by
15
Great Depression of 1929
Explanation:
India was severely affected by the Great Depression of 1929 as it was under the British rule then.
- Slowed long-term industrial development.
- Demand fell and prices plunged impacting the jute industry.
- British protective trade policy benefited United Kingdom, but hurt Indian economy.
- Exports and imports fell drastically crippling seaborne international trade.
- Railways and agricultural sector were the most affected.
- Price of commodities soared.
- High prices and stringent taxes affected most Indians.
- Public discontent grew resulting in rebellions and riots, especially the Salt Satyagraha of 1930.
- Worsened Indo-British relations.
- In the first general elections, anti-British feelings resulted in Indian National Congress winning as sign of pro-independence.
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