Frequent question: What was the economic effect of world wide depression on India?

What was the economic effect of worldwide depression on India?

(i) India’s trade was affected, exports decreased as international prices crashed. sell their produce and the British government continued to take high taxes. (iii) The economic instabality and colonial rule provided an opportunity to Mahatma Gandhi to launch the Civil Disobedience Movement in 1930.

What was the effect of the worldwide economic depression?

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%. Unemployment in the U.S. rose to 25% and in some countries as high as 33%.

What were the two factors that shaped Indian politics towards the late 1920?

The two factors that shaped Indian politics towards the late 1920s were: The first and foremost factor was the worldwide economic depression. Prices of the agricultural products increased due to which exports decreased. Peasants were the most affected by this.

Which country was not affected the economic depression of 1929?

Great Britain

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But Britain’s prominence was distinctly sliding after World War I and was still declining in October 1929 when the U.S. stock market crashed. However, Britain was not immediately affected by the crash.

Which country was least affected by Great depression?

In most countries, such as Britain, France, Canada, the Netherlands, and the Nordic countries, the depression was less severe and shorter, often ending by 1931. Those countries did not have the banking and financial crises that the United States did, and most left the gold standard earlier than the United States did.

What were the causes and consequences of 1929 economic depression?

It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. Over the next several years, consumer spending and investment dropped, causing steep declines in industrial output and employment as failing companies laid off workers.

Which factors shaped Indian politics in late 1920s Explain?

The first was the effect of the worldwide economic depression. Agricultural prices began to fall from 1926 and collapsed after 1930.

What factors influence political participation?

There are many factors that affect political participation. Education, gender, age and family are some of them.

Why was the countryside in turmoil by 1930?

Answer: As the demand for agricultural goods fell and exports declined, peasants found it difficult to sell their harvests and pay their revenue. By 1930, the countryside was in turmoil.