How did the Great Depression affect Asia?

Answer 1

The Great Depression had a significant impact on Asia. Export-oriented economies in countries like Japan, China, and India were hit hard as global demand for their goods declined. The collapse in global trade led to widespread unemployment, poverty, and social unrest. Additionally, the economic downturn fueled nationalist and anti-imperialist sentiments, contributing to political tensions and movements for independence in several Asian countries.

Answer 2

Asia was hit by the Great Depression due to its dependence on the export of raw materials with Europe and America, predominantly rubber and tin for the automotive industry. Asian trade fell sharply as America and Europe were gripped by the depression. Firms in Asia responded by cutting their workforce and reducing wages. In Japan, unemployment and poverty rose, disproportionately affecting the lower classes; these hardships were a factor in the rise of Japanese nationalism.