The Great Depression On The Textile Industry

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The Great Depression - an economic downturn that lasted for a decade from 1929-1939 impacted the industries across the globe. It would be unfair to attribute the crash of stock market for the great depression. A variety of other factors such as bank failures, the reduced purchases, Smooth-Hawley Tariff – an American economic policy with Europe and the drought in Missipi Valley to name a few ( : Retrieved on 12-05-17). This economic crisis proved to be a threat for the textile industry based in UK as well as in India.
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