Q1:-Explain the impact of the great depression on the indian farmer ?
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The Great Depression in India occurred 1929 when the country was under the British Raj. Although this was beneficial to the British and the United Kingdom, it had an adverse and very severe impact on India and affected the Indian economy.
The farmers started riots and rebellions which affected them dreadfully. They lost their markets to sell their harvests. They were levied with heavy taxations. The exports increased and the native workers were deprived of any possible profits or commission. Also, the imports made the native workers lose their production value and eventually the products faded out.
The farmers were forced into cultivating cash crops instead of essential food grains. As there was no profit or commission given to the farmers, there was a cash deficit, which led to poverty.
As the taxes became heavy and they had to pay land rents to the British, the farmers were forced to sell all their saved assets to pay the Britishers.
The farmers started riots and rebellions which affected them dreadfully. They lost their markets to sell their harvests. They were levied with heavy taxations. The exports increased and the native workers were deprived of any possible profits or commission. Also, the imports made the native workers lose their production value and eventually the products faded out.
The farmers were forced into cultivating cash crops instead of essential food grains. As there was no profit or commission given to the farmers, there was a cash deficit, which led to poverty.
As the taxes became heavy and they had to pay land rents to the British, the farmers were forced to sell all their saved assets to pay the Britishers.
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The fall in costs deeply affected the poor farmers. In spite of the fact that agrarian costs fell strongly, the colonial government declined to give any help to the agriculturists in taxes. Workers creating tor the world market were the most noticeably awful hit.
The costs were too low for farmers to repair the harmed land and whether the drought. Loans were brought in and contracts dispossessed. The banks got themselves the proud proprietors of a gigantic clean bowl. The accompanying bank breakdown and a surge of jobless outcasts from the devastated fields accelerated the monetary fall of the thirties.
Low farm product costs had the horticulture portion of the economy in a risky spot and the fall of the stock trading system took that hazardous spot and heaved it in the flames. Low costs implied regardless of whether an agriculturist could plant without acquiring, the cost of the seed, fuel, manure, and harvesting would likely surpass the cost of the product.
The costs were too low for farmers to repair the harmed land and whether the drought. Loans were brought in and contracts dispossessed. The banks got themselves the proud proprietors of a gigantic clean bowl. The accompanying bank breakdown and a surge of jobless outcasts from the devastated fields accelerated the monetary fall of the thirties.
Low farm product costs had the horticulture portion of the economy in a risky spot and the fall of the stock trading system took that hazardous spot and heaved it in the flames. Low costs implied regardless of whether an agriculturist could plant without acquiring, the cost of the seed, fuel, manure, and harvesting would likely surpass the cost of the product.
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