Question

Sudeep's grandfather showed him a torn newspaper cutting from the early 19th century, which read:

"It has led the country to suffer economically. It derives its name from the ruler of the country. The White Lotus Rebellion has forced the ruler to empty his coffers making the situation worse during this time".

What was the newspaper talking about?

• A. The Great Depression
• B. The Daoguang Depression
• C. The International Debt Crisis
• D. Latin American Debt Crisis

Answer 1

The correct option is B The Daoguang Depression

The Daoguang Depression had hit China during the early 19th century. It had gotten its name from the ruler, Daoguang (1820-1850), during whose reign the depression had hit. During that period, many things played a part in weakenening the economy. The White Lotus Rebellion, the Tambora volcano erruption (which affected agriculture), and the Yellow River flood (which resulted in a famine in southern China) are examples. The Daoguang Depression also clashed with the Opium War and the Taiping Rebellion.