History, asked by baminmudu, 1 year ago

how did the great econimic depression of 1929 affect the life of the people

Answers

Answered by paras692
0
 German investments and industrial recovery leading to economic stability between 1924-1928 was built on short term loans largely from USA.

Answered by Hrishi7829
1
Hey here's the answer...
- Indian exports have nearly been halved.
- International prices clashed.
- Wheat prices in India fell by 60%.
- Peasants and farmers suffered more than urban dwellers.
- The colonial government refused to reduce revenue demands .
- Peasants' indebtedness increased.
- They up their savings and sold Jewellery and precious metals.
- The Great Depression helped the urban especially the fixed income earners.

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