Choose given statement is true/false:

The Great Economic Depression of 1929 affected the world with an increase in employment, production, income, and trade.

see full answer

Your Exam Success, Personally Taken Care Of

1:1 expert mentors customize learning to your strength and weaknesses – so you score higher in school , IIT JEE and NEET entrance exams.

An Intiative by Sri Chaitanya

True

False

answer is B.

(Unlock A.I Detailed Solution for FREE)

Best Courses for You

JEE

NEET

Foundation JEE

Foundation NEET

CBSE

Detailed Solution

The above statement is False.
The Great Economic Depression of 1929 affected the world with a catastrophic decline in employment, production, income, and trade. The worst affected were the agricultural regions and communities. Agricultural production during the post-war period increased dramatically. This led to the over-production of grains and a subsequent decline in the prices of food grains in the international market. Similarly, it reduced the industrial production and incomes of the people.
The correct statement would be that there was decreased employment, production, income, and trade during the Great Economic Depression of 1929.

Watch 3-min video & get full concept clarity