What type of economic crisis was experienced in most parts of the world in 1920s and 1930s? Give examples.

Asked by Last Modified  

1 Answer

+1

Follow 2
Answer

Please enter your answer

The following points state that the economic crisis wasexperienced in most parts of the world in 1920s and 1930s . (i) Great fall in the industrial production as thedemand for goods also fell.(ii) Deterioration of the economic conditions of the industrialists.(iii) Unemployment soared very high.(iv)...
read more
The following points state that the economic crisis wasexperienced in most parts of the world in 1920s and 1930s . (i) Great fall in the industrial production as thedemand for goods also fell.(ii) Deterioration of the economic conditions of the industrialists.(iii) Unemployment soared very high.(iv) There was a great fall in the living standard of the people.(v) Economic depression resulted in poverty.(vi) The price of agricultural products fell disastrously in many countries.(vii) US banking system collapsed. By 1933, over 4000 banks had closed and between 1929 and 1932, about 110000 companies had collapsed. For more information do visit: www.edusmartskills.com read less
Comments
Dislike Bookmark

Related Questions

What is Balance of Trade? In which situations is it favourable and unfavourable?
Difference between imports and exports is called the balance of trade. The trade is called favourable if exports exceed imports. The trade is unfavorable if imports exceed exports.
Suresh
0 0
7
Imagine if oil supplies get exhausted, how will this affect our lifestyle?
Actually it's not imagination but it's going to be future of our self as we all know that oil is non renewable source of energy. Most of the countries transform from non renewable to renewable sources...
Sobha
0 0
8
Describe any two merits of railways and any two problems being faced by the railways.
Merits of railways are: (i) They make it possible to conduct multifarious activities like business, sightseeing, pilgrimage along with transportation of goods over longer distances. (ii) They bind the...
Arvind
0 0
5
Which sector has emerged as the largest producing sector in the Indian economy in the last decade? Give reasons.
It appears that agriculture ..lot of people 80 to 90 was in it in 190..by now in2018..dependant ratio is 50%..Are engaged but productivity is low .because of poor monsoons..& no govt support..it is...
Shreyas
"Road transport in India is not competitive but complementary to railways." Justify the statement by giving four points.
Road transport in India is complimentary to railways. There is no competition between the two lifelines of Indian economy. They corroborate rather compete with each other. Unless we have capable and proper...
Syed
0 0
5

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

Battles of Panipat
There are three battles of Panipat ~ 1st Battle of Panipat (1526) : Mughal leader, Babaur Vs Afgan Sultan of Delhi, Ibrahim Lodi. 2nd Battle of Panipat (1556) : Mughal forces under Akbar & Bairam...

Souvik Dasgupta

1 0
0
Highlight the state and non-state initiatives addressing caste and tribe discrimination.
State initiatives- Reservation of seats in state and central legislatures Reservation of jobs in government services Reservation of seats in educational institutions Abolition of Untouchability...

Sujoy Das

0 0
0
Behavioral Approach in Geography
By the mid-1960s use of statistical techniques in research for precision has been largely accepted by geographers. It was increasingly realized by the geographers that the models propounded and tested...

Manoj P.

0 0
0
Why equatorial region is the hottest part of the Earth

Jaikumar

0 0
0
Do you think that globalisation is a threat to many indigenous crafts and literary traditions and knowledge systems? Give reasons.
Threat to indigenous craft and literary traditions- Modern development even prior to the stage of globalization made inroads into the traditional cultural forms and occupations based on them. Traditional...

Sujoy Das

0 0
0

Recommended Articles

Meet Raghunandan.G.H, a B. Tech Tutor from...

Raghunandan is a passionate teacher with a decade of teaching experience. Being a skilled trainer with extensive knowledge, he provides high-quality BTech, Class 10 and Class 12 tuition classes. His methods of teaching with real-time examples makes difficult topics simple to understand. He explains every concept in-detail...

Read full article >

Meet Mohammad Wazid, a skilled trainer for...

Mohammad Wazid is a certified professional tutor for class 11 students. He has 6 years of teaching experience which he couples with an energetic attitude and a vision of making any subject easy for the students. Over the years he has developed skills with a capability of understanding the requirements of the students. This...

Read full article >

Meet Sandhya R, a B.Sc tutor from Bangalore

Sandhya is a proactive educationalist. She conducts classes for CBSE, PUC, ICSE, I.B. and IGCSE. Having a 6-year experience in teaching, she connects with her students and provides tutoring as per their understanding. She mentors her students personally and strives them to achieve their goals with ease. Being an enthusiastic...

Read full article >

Quest Academy - Institute of the month

Quest Academy is a professional Bangalore based NEET and JEE (Main + Advanced) training institute. The academy was incorporated in 2015 to cater to the needs of students, who aim to crack competitive exams by connecting with the best brains around. The institute helps students enhance their skills and capabilities through...

Read full article >

Find Class 10 Tuition near you
Class 10 Tuition in Delhi
Class 10 Tuition in Bangalore
Class 10 Tuition in Hyderabad
Class 10 Tuition in Kolkata
Class 10 Tuition in Chennai
Class 10 Tuition in Mumbai
Class 10 Tuition in Pune
Class 10 Tuition in Noida
Class 10 Tuition in Lucknow
Class 10 Tuition in Gurgaon
Online Tuition Class 10

Looking for Class 10 Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you