Which statement accurately compares why local Northern Rhodesian and Burmese populations suffered such extreme economic impacts of the Great Depression?
1 answer
The Northern Rhodesian population suffered extreme economic impacts of the Great Depression largely due to its heavy dependence on copper mining, which experienced a steep decline in demand and prices during the Depression. In contrast, the Burmese population suffered economic impacts due to the global downturn in rice prices, as Burma was a major exporter of rice during that time. Both populations were heavily reliant on the export of their respective commodities, leading to significant economic downturns during the Great Depression.