Question

What is meant by collectivisation and great depression

Answer 1

$\huge\mathfrak{Answer ;}$

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$<b><I>» Collectivization Programme :$

$<b><I>Collectivization, policy adopted by the Soviet government, pursued most intensively between 1929 and 1933, to transform traditional agriculture in the Soviet Union and to reduce the economic power of the kulaks (prosperous peasants). Under collectivization the peasantry were forced to give up their individual farms and join large collective farms (kolkhozy). The process was ultimately undertaken in conjunction with the campaign to industrialize the Soviet Union rapidly. But before the drive began, long and bitter debates over the nature and pace of collectivization went on among the Soviet leaders (especially between Stalin and Trotsky, 1925–27, and between Stalin and Nikolay Bukharin, 1927–29).$

» The Great Depression :

The Great Depression of the late 1920s and ’30s remains the longest and most severe economic downturn in modern history. Lasting almost 10 years (from late 1929 until about 1939) and affecting nearly every country in the world, it was marked by steep declines in industrial production and in prices (deflation), mass unemployment, banking panics, and sharp increases in rates of poverty and homelessness. In the United States, where the effects of the depression were generally worst, between 1929 and 1933 industrial production fell nearly 47 percent, gross domestic product (GDP) declined by 30 percent, and unemployment reached more than 20 percent. By comparison, during the Great Recession of 2007–09, the second largest economic downturn in U.S. history, GDP declined by 4.3 percent, and unemployment reached slightly less than 10 percent.

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