The Great Depression in Australia Matthew Ramsden

By carltonnorth56

  • Post world war one

    Australia borrowed lots of money from the London Loan Market
  • Period: to

    Great depression

  • Wall Street Crash

    Due to financial problems since the war, the New York stock exchange crashes.

  • Government spending cuts

    The Australian Government starts making cuts to find ways to repay loans, interest etc.

  • Australian economy suffers

    Australian exports (wool, flour, dairy etc) fall in price by almost 50%

  • Sydney harbour bridge opens

  • Unemployment at a high

    33% of the population were unemployed

  • Economy starting to recover