How did the Great Depression of 1829 affect the Indian trade ? Explain – InterviewSolution

1.	How did the Great Depression of 1829 affect the Indian trade ? Explain.
Answer» tion:India was an exporter of WHEAT to EUROPEAN countries. When the international prices of wheat crashed because of the Great Depression, prices of wheat in India fell almost by 50%. PEASANTS and farmers were the worst sufferers. While the prices of the crops DECLINED, the government refused to reduce the revenues

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