HISTORY
THE WORLD BETWEEN THE WARS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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nations putting high tariffs on imported goods to boost their own economy
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prices of food dropped because no one had money to buy food and there was too much food produced
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Farmers in the mid-west USA borrowed a lot of money in prosperous time and were now unable to
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All of the above
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Detailed explanation-1: -Politically, the era coincided with the rise of communism, starting in Russia with the October Revolution and Russian Civil War, at the end of World War I, and ended with the rise of fascism, particularly in Germany and in Italy.
Detailed explanation-2: -While the October 1929 stock market crash triggered the Great Depression, multiple factors turned it into a decade-long economic catastrophe. Overproduction, executive inaction, ill-timed tariffs, and an inexperienced Federal Reserve all contributed to the Great Depression.
Detailed explanation-3: -It has been criticised that the interwar period (1919 to 1939) was not a phase of reconstruction but that of global politics reshaping itself for a second war. International factors during interwar period and many other, no doubt helped to create the sort of atmosphere which affected the Indian freedom struggle.