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30 July, 05:27

What effect did the great depression have on india and china

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  1. 30 July, 08:52
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    The Great Depression of 1929 had a very severe impact on India, which was then under the rule of the British Raj. The Government of British India adopted a protective trade policy which, though beneficial to the United Kingdom, caused great damage to the Indian economy. During the period 1929-1937, exports and imports fell drastically crippling seaborne international trade. The railways and the agricultural sector were the most affected.
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