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Why was China relatively unaffected by the Great Depression

Sagot :

The overproduction of goods was led to huge amount of falling prices for China
Baraqidn

The reason China was largely unaffected by the Great Depression, is attributed to the fact that they stuck to the Silver standard.

  • This is because, during this period, Silver suffered from depreciation.
  • However, because China stuck to the use of Silver as a currency value standard, it helped their farmers and businesses to weather the storm during the Great Depression of the 1930s.

Therefore, in this case, the correct answer is that China stuck to the Silver standard.

Learn more here: https://brainly.com/question/15426058

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