what does great depression mean? give two main reason for this ? what was its impact on the indian economy ?
Answers
Answered by
1
Answer:
history page number 122
Answered by
50
Answer:
The Great Depression was the worst economic downturn in the history of the industrialized world, lasting from 1929 to 1939. It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors.
Explanation:
the 4 main causes of the Great Depression
- The stock market crash of 1929. During the 1920s the U.S. stock market underwent a historic expansion. ...
- Banking panics and monetary contraction. ...
- The gold standard. ...
- Decreased international lending and tariffs.
(i) The impact of the Great Depression in India was felt especially in the agricultural sector
. (ii) As international prices crashed, prices in India also plunged.
(iii) The fall in agricultural price led to reduction of farmers' income and agricultural export. Wheat prices in India fell by 50 percent.
Similar questions