Question

What were the consequences of the economic crisis that gripped bengal?

Answer 1

Answer:

The Wall Street Crash of 1929, also known as the Great Crash, was a major ... Mitchell's move brought a temporary halt to the financial crisis, and call money declined from 20 to 8 ... The crisis had significant macroeconomic-level effects, including sharp reductions in values of currencies, stock markets, and other asset prices of several Asian countries

Answer 2

The Bengal Bubble, caused by the increasing overvaluation of the East India Company stock between 1757 and 1769, led to the Great East Indian Crash, a major financial crisis that occurred in 1769. The bubble and crash occurred in the wake of the conquest of Bengal by the East India Company in 1757 by Robert Clive.

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