Discuss. Explain the causes of the Great Depression.

>

>

Chapter 3

NCERT

Class 10

History

Solutions

3. Explain the causes of the Great Depression.

Question:

Discuss

‍

Explain the causes of the Great Depression.

Answer:

Agriculture overproduction was one of the major causes of the Great Depression which led to fall in prices. With the fall in prices and decline in agricultural income, farmers tried to expand production and bring a larger volume of produce to the market to maintain their overall income. This worsened the glut in the market, pushing down prices even further. Farm produce rotted for a lack of buyers.
Another cause of the Depression was shortage of loans. In the mid 1920s, the US gave loans to many countries so that they could finance their investments. But the US withdrew giving loans if there was any kind of trouble. So countries depending crucially on US loans faced an acute crisis disturbing world trade.
Conditions created by the War were also responsible for the Great Depression, during expansion to fulfill the increasing demand for war-related goods. But after the war, the sharp decrease in demands for military and war products gave birth to economic depression.

More NCERT Questions

Download Free PDF

(All Q's of this Chapter solved)

question pointer

Project. Find out more about gold and diamond mining in South Africa in the nineteenth century. Who controlled the gold and diamond companies? Who were the miners and what were their lives like?

question pointer

Discuss. Explain what is referred to as the G-77 countries. In what ways can G-77 be seen as a reaction to the activities of the Bretton Woods twins?

question pointer

Discuss. 2. Explain the three types of movements or flows within international economic exchange. Find one example of each type of flow which involves India and Indians, and write a short account of it.

question pointer

Discuss. Imagine that you are an indentured Indian laborer in the Caribbean. Drawing from the details in this chapter, write a letter to your family describing your life and feelings.

question pointer

Write in Brief. What is meant by the Bretton Woods Agreement?

question pointer

Write in Brief. Give two examples from history to show the impact of technology on food availability.

question pointer

Write in Brief. Write a note to explain the effects of the following:(A)The British government’s decision to abolish the Corn Laws.(B)The coming of rinderpest to Africa.(C)The death of men of working-age in Europe because of the World War.

question pointer

Write in Brief. Explain how the global transfer of disease in the pre-modern world helped in the colonization of the Americas.

question pointer

Write in Brief. Give two examples of different types of global exchanges which took place before the seventeenth century, choosing one example from Asia and one from the Americas.

question pointer

Discuss-4. Briefly summarize the two lessons learnt by economists and politicians from the inter-war economic experience?

question pointer

Discuss-3. Who profits from jute cultivation according to the jute growers’ lament? Explain.

question pointer

Discuss-2. Discuss the importance of the language and popular traditions in the creation of national identity.

question pointer

Activity-2. Imagine that you are an agricultural worker who has arrived in America from Ireland. Write a paragraph on why you chose to come and how you are earning your living.

question pointer

Activity-1. Prepare a flow chart to show how Britain’s decision to import food led to increased migration to America and Australia.

question pointer

Discuss-1. Explain what we mean when we say that the world ‘shrank’ in the 1500s.

Buy Latest Books

Teacher's Specimen