The great depression on the Indian economy
Answers
Answer:
THE CAUSES OF GREAT ECONOMIC DEPRESSION ARE
Explanation:
1]THE DECLINE IN EXPORT DUE TO TO DECREASE IN MANUFACTURING UNITS OF ITEMS WHICH ARE EXPORTED FROM COUNTRY
2]DECREASE IN FOREIGN INVESTMENTS IN COUNTRY
3]INCREASE IN RATE OF GOLD
4]INCREASE IN EXPORT BUT BUT DECREASE IN EXPORT
5]DECLINE IN NEW INDIGENOUS TECHNOLOGICAL RESEARCHES AND INDIGENOUS MANUFACTURE
Answer:
The Great Depression is referred to as the greatest and also the longest economic downturn or recession in modern history. It started in the USA and after that, had a rippling effect on the economies of the world. It is said that the Great Depression started with the USA stock market crash in October 1929.
The Great Depression of 1929 devastated the U.S. economy. A third of all banks failed. 1 Unemployment rose to 25%, and homelessness increased. 2 Housing prices plummeted 67%, international trade collapsed by 65%, and deflation soared above 10%.