THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Before the depression, many debt-ridden farmers had
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Decreased crop production in order to save money
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Decreased crop production due to high inflation costs
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Increased crop production in order to add nutrients to the soil
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Increased crop production in order to earn more money.
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Explanation:
Detailed explanation-1: -Between 1928 and 1934, wheat prices in India fell by 50 per cent. Peasants and farmers suffered more than urban dwellers. Though agricultural prices fell sharply, the colonial government refused to reduce revenue demands. Peasants producing for the world market were the worst hit.
Detailed explanation-2: -The small farmers often borrow money from money lenders. In return they are often forced to sell their produce to the money lenders at a price which is less than market price. Moreover small farmers find it difficult to avail bank loans. These reasons cause the farmers to fall into debt trap.
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