Impact of great depression on usa as well as on india
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> 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.
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