the impact of Greater depression of 1929 was different from the Indian ruler and Industrial society justify state

Solution

The great depression had a wide impact on agriculture as the prices of agricultural goods decreased and the majority of Indians were dependent on agriculture. Hence it led to poverty in rural India.

The industrial society was more directly impacted by the Great Depression. The decline in demand for goods and services led to a sharp reduction in production, and many factories were forced to shut down, leading to mass unemployment. The Great Depression had an immediate and devastating effect on the industrial sector, leading to widespread unemployment and poverty, with many people losing their jobs, homes, and savings. The impact was felt more acutely in urban areas, where the majority of the industrial workforce was concentrated.

  • 0
What are you looking for?