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Post world war 1
after world war Australia borrowed a lot of money from the london loan market -
Period: to
The Great Dpression
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Wall Street crash
due to problems after world war 1 the stock exctange crashed in 1929 beacause alot of money was needed -
The goverment spending cuts
The gover mebts spendings were cut so they had to find loans and intrests .Australia has borrowed to much money from the london loans. -
Austalian economy astronomy
After the stock market crashed in 1938 Australias stock market was worth less . The Australia economy was built on exports such as weat , wool and dairy . People around the world didnt have enough money to buy this weat,wool and dairy. -
The sydney hardbour bridge opens
in 1932 the sydney hardbour bridge opendand it was seen as a triumph. -
Un employment at a high point
one third if the working population were un employed . -
Economy gradually started to recover