Why did the wheat prices in India fall down by 50 per cent between 1928 and 1934?

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

Due to less production

Due to floods

Due to Great Depression

Due to droughts

answer is C.

(Unlock A.I Detailed Solution for FREE)

Best Courses for You

JEE

NEET

Foundation JEE

Foundation NEET

CBSE

Detailed Solution

The wheat prices in India fall down by 50 per cent between 1928 and 1934 due to Great Depression. The Great Depression, which started from 1929 to 1939, was the most severe economic downturn in modern history. It began with the October 1929 stock market crash, which threw Wall Street into a frenzy and wiped out millions of investors. Colonial India began to export agricultural products and import manufacture goods in the nineteenth century. Throughout the twentieth century, the situation remained unaltered. Between 1928 and 1934, the downturn had a negative influence on Indian trade, with both the exports and imports decreasing by half.

Watch 3-min video & get full concept clarity