The Greast Depression In Australia Mathilda Ballantyne By carltonnorth56 Period: Jan 1, 1920 to Dec 31, 1939 The Great Depression Oct 31, 1929 The Wall St Stock Exchange Crashes Due to financialproblems, the wall st stock exchanges chrashes Nov 1, 1929 Goverment Spending Cuts Jun 1, 1931 Australian Economy Suffers Australia economy fails 50% May 19, 1932 Sydney Harbour Brige Opens Bright spot in dark time Dec 31, 1932 Unemployment Peaks Unemployment was at the highest Dec 31, 1939 Economy starts to recover