The Great Dipression
The Great Dipression
The Great Depression: The Great Depression began around 1929 and lasted till the mid-1930s. During this period, most of the countries of the world experienced catastrophic declines in production, employment, income and trade. The exact timing and impact of the depression varied country to country.
During this period, agricultural regions and communities were worst affected as the fall of the agricultural price was more than the agriculture and industry of USA. But after the war, there was abundant supply in the market and it pushed down the prices of industrial goods and agricultural products.
Facts Responsible for Depression: A combination of several factors were responsible for the depression
US: Most Affected Country by Depression: The US was the industrial country, most severely affected by the depression, as the banks had cut domestic lending and called back loans. Farms could not sell their harvests, households were ruined and businesses collapsed. The consumerist prosperity of the 1920s disappeared and unemployment increased. Ultimately, the US banking system collapsed because the banks were unable to recover investments, collect loans and repay depositors.Thousands of banks went bankrupt and were forced to close. By 1933, over 4000 banks had closed. Between 1929 and 1932, about 110000 companies had collapsed. The US attempted to protect its economy in the depression by doubling the import duties, which hit the world trade badly.
India and the Great Depression: In the 19th century, colonial India had become an exporter of agricultural goods and importer of manufactures. The Great Depression immediately affected Indian trade.
Effect on Exports: India's exports and imports declined to half and prices of primary products like wheat and jute fell sharply (wheat 50 per cent and jute more than 60 percent between 1928 and 1934. But the colonial government refused to reduce revenue demands and the peasants producing for the world market became the worst sufferers.
The jute producers of Bengal grew raw jute that was processed in factories for export in the form of gunny bags. But as gunny exports collapsed, the price of raw jute decreased. In the depression years, India became an exporter of precious metals, especially gold. Economist John Maynard Keynes thought that Indian gold exports promoted global economic recovery. It certainly helped speed up Britain's recovery, but did little for the Indian peasants.
Effect on Peasants and Urban Dwellers: Across India, peasants' indebtedness increased and there was much dissatisfaction in the rural areas. At that time, Mahatma Gandhi launched the Civil Disobedience Movement in 1931.
The depression proved less problematic for urban dwellers. As prices fell people getting fixed incomes now found themselves in better condition.
#Catastrophic :- A terrible disaster .
Students / Parents Reviews [20]
In terms of methodology I want to say that institute provides expert guidence and results oriented monitering supplements by requsite study material along with regular tests which help the students to improve their education skills.The techniques of providing education helps the students to asses...
Aman Kumar Shrivastava
10thThe experience was nice. I studied here for three years and saw a tremendous change in myself. I started liking subjects like English and SST which earlier I ran from. Extra knowledge gave me confidence to overcome competitive exams. One of the best institutes for secondary education.
Aman Kumar Shrivastava
10thAbout Abhyas metholodology the teachers are very nice and hardworking toward students.The Centre Head Mrs Anu Sethi is also a brilliant teacher.Abhyas has taught me how to overcome problems and has always taken my doubts and suppoeted me.
Shreya Shrivastava
8thMy experience with Abhyas academy is very nice or it can be said wonderful. I have been studying here from seven class. I have been completing my journey of three years. I am tinking that I should join Abhyas Academy in tenth class as I am seeing much improvement in Maths and English
Hridey Preet
9thOne of the best institutes to develope a child interest in studies.Provides SST and English knowledge also unlike other institutes. Teachers are co operative and friendly online tests andPPT develope practical knowledge also.
Aman Kumar Shrivastava
10thAbhyas is an institute of high repute. Yogansh has taken admission last year. It creates abilities in child to prepare for competitive exams. Students are motivated by living prizes on basis of performance in Abhyas exams. He is satisfied with institute.
Yogansh Nyasi
7thUsually we see institutes offering objective based learning which usually causes a lag behind in subjective examinations which is the pattern followed by schools. I think it is really a work of planning to make us students grab the advantages of modes of examination, Objective Subjective and Onli...
Anika Saxena
8thA marvelous experience with Abhyas. I am glad to share that my ward has achieved more than enough at the Ambala ABHYAS centre. Years have passed on and more and more he has gained. May the centre flourish and develop day by day by the grace of God.
Archit Segal
7thAbhyas Methodology is very good. It is based on according to student and each child manages accordingly to its properly. Methodology has improved the abilities of students to shine them in future.
Manish Kumar
10thThird consective year,my ward is in Abhyas with nice experience of admin and transport support.Educational standard of the institute recumbent at satisfactory level. One thing would live to bring in notice that last year study books was distributed after half of the session was over,though study ...
Ayan Ghosh
8thIt was a good experience with Abhyas Academy. I even faced problems in starting but slowly and steadily overcomed. Especially reasoning classes helped me a lot.
Cheshta
10thMy experience with Abhyas is very good. I have learnt many things here like vedic maths and reasoning also. Teachers here first take our doubts and then there are assignments to verify our weak points.
Shivam Rana
7thI have spent a wonderful time in Abhyas academy. It has made my reasoning more apt, English more stronger and Maths an interesting subject for me. It has given me a habbit of self studying
Yatharthi Sharma
10thAbhyas is good institution and a innovative institute also. It is a good platform of beginners.Due to Abhyas,he has got knoweledge about reasoning and confidence.My son has improved his vocabulary because of Abhyas.Teacher have very friendly atmosphere also.
Manish Kumar
10thAbhyas is a complete education Institute. Here extreme care is taken by teacher with the help of regular exam. Extra classes also conducted by the institute, if the student is weak.
Om Umang
10thMy experience was very good with Abhyas academy. I am studying here from 6th class and I am satisfied by its results in my life. I improved a lot here ahead of school syllabus.
Ayan Ghosh
8thMy experience with Abhyas academy is very good. I did not think that my every subject coming here will be so strong. The main thing is that the online tests had made me learn here more things.
Hiya Gupta
8thBeing a parent, I saw my daughter improvement in her studies by seeing a good result in all day to day compititive exam TMO, NSO, IEO etc and as well as studies. I have got a fruitful result from my daughter.
Prisha Gupta
8thAbhyas institute is one of the best coaching institute in the vicinity of Ambala cantt.The institute provides good and quality education to the students.The teachers are well experienced and are very helpful in solving the problems. The major advantages of the institute is extra classes for weak...
Shreya Shrivastava
8thIt has a great methodology. Students here can get analysis to their test quickly.We can learn easily through PPTs and the testing methods are good. We know that where we have to practice
