Question

How did the great depression of 1929 affect the indian trade explain?

Answer 1

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

Answer 2

Answer:

Because of falling prices, those with fixed income- urban landlords who received rents, salaried employees, found themselves better-off. Everything costs less.

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