GRATE DEPRESSION JESSE

By carltonnorth56

  • POST WW1

    The economy was poor so the Australian government borrowed lots of money from the London loan market.
  • Period: to

    GREAT DEPRESSION

  • WALL ST CRASH

    Due to the aftermath and poverty of WW1 there was alot of borrowing and the stock exchange crashed.

  • GOVERNMENT SPENDING CUTS

    Government spending was cut because they needed to pay back losts of loans.

  • AUSTRAILIAN ECONOMY STRUGGLING

    After the Wall St crash in1929 the economy is plunging. Stock prices of Australian exports crash by 50%.

  • SYDNEY HARBOUR BRIDGE OPENS

    Sydny Harbour bridge opens, it is a triumph and creates jobs in the depression.

  • UNEMPLOYMENT AT A HIGH

    1 third of the working population is unemployed.

  • ECONOMY RECOVERING