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The Great Depression of the 1930s had which of the following impacts on the Indi
The Great Depression of the 1930s had which of the following impacts on the Indian economy? (1930)
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Practice Questions
1 question
Q1
The Great Depression of the 1930s had which of the following impacts on the Indian economy? (1930)
Increased agricultural exports
Decline in prices of agricultural products
Rise in employment opportunities
Strengthening of the Indian currency
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The Great Depression caused a decline in prices of agricultural products, severely affecting farmers and the rural economy in India.
Questions & Step-by-step Solutions
1 item
Q
Q: The Great Depression of the 1930s had which of the following impacts on the Indian economy? (1930)
Solution:
The Great Depression caused a decline in prices of agricultural products, severely affecting farmers and the rural economy in India.
Steps: 5
Show Steps
Step 1: Understand what the Great Depression was - a severe worldwide economic downturn that started in 1929.
Step 2: Recognize that the Great Depression affected many countries, including India.
Step 3: Identify that one of the main effects was a decline in prices of agricultural products.
Step 4: Realize that lower prices meant farmers earned less money for their crops.
Step 5: Understand that this loss of income severely affected farmers and the rural economy in India.
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