What were the effects of the great depression on the world?
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However, in many countries, the negative effects of the Great Depression lasted until the beginning of World War II. The Great Depression had devastating effects in countries both rich and poor. Personal income, tax revenue, profits and prices dropped, while international trade plunged by more than 50%.
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The economy depression immediately affected Indian Trade, as India’s exports and imports nearly halved between 1928-1934
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