What was Great Depression?Explain the impact of Great Depression of india.
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Great Depresion means scarcity of capital.
The effects on India were:
High taxes were imposed on Indian Peasants.
Trade Barrirers were imposed.
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The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States. The timing of the Great Depression varied across the world; in most countries, it started in 1929 and lasted until the late 1930s.
The Great Depression of 1929 had a very severe impact on India, which was then under the rule of the British Raj. ... During the period 1929–1937, exports and imports fell drastically crippling seaborne international trade. The railways and the agricultural sector were the most affected.
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