Question

what does Great depression mean? give to main reason for this? what was its impact on the Indian economy?​

Answer 1

Explanation:

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%.

During the period 1929–1937, exports and imports fell drastically crippling seaborne international trade. The railways and the agricultural sector were the most affected. The international financial crisis combined with detrimental policies adopted by the Government of India resulted in soaring prices of commodities

Answer 2

Explanation:

The Great Depression was a world wide economic crises that lasted for much of the 1930.

The depression is a period during business employees and market currency fall to very low

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