the great deppresion in Australia. Elsa Bryant

By carltonnorth56

  • post world war 1

    Australia borrowed a latge amount of money from London market
    to help australias economy.
  • Period: to

    the great depression Australia

  • wall street crash

    due to financial problems caused by world war wall street crashed and lots of people and banks lost lots of money all around the world

  • Government spending cuts

    government spending was cut because they had to find ways to pay loans.

  • Australian economy is struggling

    After wall street crashed and Australias trade droped significantly
    australia economy was built on exports such as flour,wool,wheat and dairy by 1931 the price of these had fallen by 50%.

  • sydney harbour bridge opens.

    sydney harbour bridge opens and is a triumph in the depths of depression.

  • unemployment at a high point

    one third of the working population are unemployed

  • economy gradually starting to recover