what were the reason of great economic depression in 1930 in india?
Answers
Answer:
the great economic reason in 1930 india were britishers, world war, riots etc
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Answer:
Hey,
The answer is:
Explanation:
causes of depression are...
1) Condition created by war :
:::: There was immense industrial production in view of the increased demand of goods related to the army during the first world war. After the war the industries produced at the same speed. However, the sharp decrease in demand for military and what product give birth to economic depression.
2) Over production in agriculture :
:::: Agriculture production was major factor for depression this was made worst by falling agriculture prices.
3) Shortage of loans :
:::: In the mid 1920 many countries finance their investment through the loans from USA during the boom period but USA Overseas lenders panage at the first sign of trouble. In the first half of 1928 USA overseas loan amounted to over$ 1 billion earlier later it was one quarter of the amount.
4) Stop market crash :
:::: The Great Depression started in USA after a major fall in stock prices that begin September 4, 1929 and become worldwide news with stock market crash. On October 1929 with stop market crash known as Black Tuesday in USA economy.
5) Momitary policies :
:::: The USA attempt to protect its economy in the depression by doubling import duties also dealt another sever blow to world trade taking loans again and again called debtedness.
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