The Great Depression in Australia - Saumya Rauniyar

By carltonnorth56

  • Post World War 1

    Australia was in a bad situtation because the economy wasn't well and there was a lot of job lost and the Australian Goverment borrwed money from the Londen Loan Market.
  • Period: to

    The Great Depression

  • Goverment Spending Cuts

    The Goverments were struggling to pay back the loans so they has to stop using a part of the money of their budget.

  • Australian economy is Struggling

    The Australian Economy was build on exports like Milk, Wheat and Dairy. in 1931 the the price of these went down by 50% this meant that Australia was struggling because all the other countries didn't have enough money to buy these.

  • The Sydney Harbour Bridge Opening

    It created a lot of jobs an made people think this was a sign of Australia still sucedding.

  • Unemployment at a High Point

    One Third of the working population are Unemployment.

  • Economy gradually starting to recover