Question

The famous Economist John Maynard Keynes thought that export of ............ From India promote global economic recovery during the great depression of 1929-1933

Answer 1

Answer:

gold

Explanation:

Well, u see there is no need to explain anything in this question :)

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Answer 2

Explanation: John Maynard Keynes remedy to tackle The Great Depression of 1929-1933

• John Maynard Keynes the famous economist advocated that the idea of exporting Indian gold led to combat The Great Depression of 1923-1933.
• This triggered a speedy recovery for  Britain but did not brought about any significant change in the Indian peasant`s life.
• Soon rural India witnessed scenes of unrest which was evident when Mahatma Gandhi started the Civil Disobedience Movement during the 1931 depression.
• India during the depression period became mainly an exporter of gold along with other precious metals.
• The Great Depression shattered the life of the Indian peasants.The price of their agricultural produce crashed to very low levels. The farmers were forced to sell off their gold and silver ornaments in order to meet their losses, land rent and taxes.

• The Port of Bombay saw influx of about sixteen hundred ounces of gold every day which was later transported to Britain to revive the ailing British economy.

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