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Why did the wheat price in …

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Why did the wheat price in India fall down by 50% between 1928 and 1934?
  • 2 answers

Yogita Ingle 6 years, 1 month ago

The Great Depression in 1929 had a major effect on prices, income, and production of goods in many countries. India also faced many such negative effects in the rural segments. One such effect was the decline in the wheat prices. It fell to almost 50% during 1928-1934. This, in turn, worsened the plight of the farmers. There was a large amount of unused crop and nobody to purchase it.

Deepak Silaych 6 years, 1 month ago

1. Great economic depression 1930s. 2. Britain/England paused the import of wheat from India ti to prevent local farmers
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