indian played a crucial role in the late 19th century world economy."Explain by giving an example.
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India was full of resources and when the Great Depression America's then it also had effect on the whole world and s India was affected
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the prices of everything in the market went down and the circulation of money was severely affected. In these cases the colonial government refused to reduce revenue demands and so the Indians used up the savings, mortgaged lands and put whatever jewelry and precious metals they had to meet the expenses.
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in this depression years India became an exporter of precious metals notably gold and so the famous economist John Maynard Chinese thought that Indian gold exporters promoted Global economic recovery.
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.
the prices of everything in the market went down and the circulation of money was severely affected. In these cases the colonial government refused to reduce revenue demands and so the Indians used up the savings, mortgaged lands and put whatever jewelry and precious metals they had to meet the expenses.
.
in this depression years India became an exporter of precious metals notably gold and so the famous economist John Maynard Chinese thought that Indian gold exporters promoted Global economic recovery.
.
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