Explain the effects of the Great Depression of 1929 on the Indian economy.

The Great Depression was a result of many different factors. The post-war global economy was weak. Also, agricultural over-production proved to be a nuisance, which was made worse by falling...

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(i) Mass production became a characteristic feature of industrial production in the USA. (ii) Mass production lowered costs and prices of engineered goods. (iii) There was a spurt in the purchase of...

(i) An organization formed by the former colonies to demand a New International Economic Order. (ii) It was a period of serious decline in production, employment, income and trade

The Great Depression began around 1929 and lasted till the mid-1930s. During this period, most parts of the world experienced a decline in production, employment, incomes, and trade. Agricultural regions...

The Great Depression affected the Indian trade in many ways : (i) India's exports and imports were halved between 1928 and1934. (ii) As international prices crashed, prices in India also plunged. (iii) Peasants...

(c) They also celebrated the first Independence day on January 26, 1930, which was the date later selected for the adoption of the Indian constitution.

(a) Only 1st statement is correct.

(b) The 1929 Session of Indian, National Congress is of significance in the history of the Freedom Movement because the attainment of Poorna Swaraj was adopted as the goal of...