How did the Great Depression of 1929 affect the Indian trade ? Explain.

Monjur Alahi

How did the Great Depression of 1929 affect the Indian trade ? Explain.


0 like 0 dislike
1 views
Share with your friends

1 Answers

Salim Ahmed Kawsar

Call

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 and farmers suffered more than urban dwellers.
(iv) Peasants producing for the world market were the worst hit.
(v) Town-dwelling landowners and middle-class salaried employees found themselves better off as everything cost less.

0 like 0 dislike
1 views
Talk Doctor Online in Bissoy App
What is the cause of a feeling of depression in human beings ? Name a drug which can be useful in treating depression.

Hint : Low level of noradrenaline, a neurotransmitter causes depression in human beings. Antidepressant drugs are Iprniazid, Phenelzine.]

1 Answers 1 views
Explain the effects of the Great Depression of 1929 on the Indian economy.

a lot ..!!This helped me during my exam preparation...

1 Answers 2 views
Explain the effects of the Great Depression of 1929 on the Indian economy. 1 Answers 1 views
Explain the following : (i) G-77 (ii) Great Depression of 1929.

(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

1 Answers 1 views
Explain any five factors that led to the Great Depression of 1929.

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...

1 Answers 1 views
How did the withdrawal of US loans during the phase of the Great depression affect the rest of the world? Explain in three points.

Withdrawal of US loans affected different countries of the world in the following manner during the phase of great depression:  (i) Europe: It led to the failure of some major banks...

1 Answers 1 views
Under whose presidency was the Lahore session of the Indian Congress held in the year 1929, wherein a resolution was adopted

(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.

1 Answers 1 views
The Lahore Session of the Indian National Congress (1929) is very important in history, because

(a) Only 1st statement is correct.

1 Answers 1 views
The 1929 Session of Indian National Congress is of significance in the history of the Freedom Movement because the

(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...

1 Answers 1 views
Define the following terms: (i) Trade (ii) International Trade (iii) Favourable Balance of Trade (iv) Unfavourable Balance of Trade

(i) The exchange of goods among people, states and countries are referred to as a trade. (ii) Trade between two countries is called international trade. (iii) When the value of expert exceeds...

1 Answers 1 views
X