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Question

In the early 19th century, China went through a prolonged economic decline known as the .
  1. Great Depression
  2. Asian Depression
  3. Daoguang Depression
  4. Credit Crisis


Solution

The correct option is C Daoguang Depression
This depression occurred during the rule of Daoguang Emperor and hence, is known as Daoguang Depression. China was growing steadily till the 18th century. However, the prices suddenly collapsed and the economy suffered.

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