USA HISTORY

Detailed explanation-1: -The cotton and textile industries across country faced many significant challenges during the Depression. Poor marketing strategies and cotton overproduction resulted in mills being unable to sell much of their products.

Detailed explanation-2: -The value of farm produce, declined by half while the land rent to be paid by the peasants remained unchanged. In terms of prices of agricultural commodities, the obligation of the farmers to the state doubled. Farmers and Indian manufacturers therefore had to sell their gold and silver reserves to subsist.

Detailed explanation-3: -Lasting almost 10 years (from late 1929 until about 1939) and affecting nearly every country in the world, it was marked by steep declines in industrial production and in prices (deflation), mass unemployment, banking panics, and sharp increases in rates of poverty and homelessness.