Explain the impact of the Great Depression of 1929 on the Indian economy giving three points.

There was a massive economic depression in the world between 1929 and 1930s. It was termed as the Great Depression.

a. India was also one of the affected countries of this depression.

b. Peasants were affected. They pleaded to reduce the revenue. But the Government did not reduce the revenue demands.

c. They had to mortgage their lands and use their savings to run their livelihood.

d. But, at the same time, India exported gold and other precious metals which helped in the recovery of the world’s economy.

Thus, the Great Depression put the rural population with unrest.