Question

What are the effects of great economic depression of 1929 to 1932?

Answer 1

Due to the great aconomic depression prices were very high. agricultural prices began to fall from 1926 and collapsed after 1930.
As the demand fell for agricultural goods the peasants were not able to pay the revenue. By 1930 the countryside was unstable.

Answer 2

heya...

the effects of great economic depression are as follows :-

1. Indian export and import nearly halved between 1929 -1932.


2. major banks collapsed in Europe and there was a collapse of currencies such as the British pound sterling.


3. faced with falling incomes many households were ruined in the US.


4. they were forced to give up their homes, cars and other consumer durables.



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