Question

What happened to global trade during the Depression and why?

What happened to global trade during the Depression and why?

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Answer #1

During depression the international trade will decreasing, import and export will decreases,stock market crashed, production and consumption would decreases and demand of the product would decreases due to this unemployment increases.

Global trade would decreases because due to depression money flow in the market will decreases due to which demand is decreases and if demand is decreases then supply also decreases which directly affect the production and so production will decreases and so economic growth decrease and export will decreases.

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