Explain the effects of ‘worldwide economic depression’ on India, towards late 1920s.
Explain the effects of 'worldwide economic depression' on India, towards late 1920s
The effects of worldwide depression on India were as follows
(i) India’s trade was affected, exports decreased as international prices crashed.
(ii) Agricultural prices fell due to which burners could not
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.