the great depresion in Australia Akira V

By carltonnorth56

  • Post wwl

    Austalian government borows large ammount of money from the london market to get economy going again
  • Period: to

    Great depresion

  • Wall street crash

    Due to financial problems after wwl, Wall street crashed and lots of people lost immense ammounts of money

  • Government spending cuts

    Government spending cuts, because they have to pay intrests and loans

  • Australian economy is strugling

    After stock market crash Australian from 640 million to 48 million economy was built on exports such as wheet wool and dairy, in 1931 their exports slumpted by 50%, this ment that they didnt get much prophit

  • Sydney harbor bridge opens

    The Sydney harbor bridge opens and seems as a triumph in the depths of depression

  • Unemployment at a high point

    1/3 of working population are unemployed excluding children

  • Economy gradualy starting to recover