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post world war 1
austrailia borrowed lots of money from the londen loan market.
People left their homes and came back to their homes destryed and things missing from their houses and that is why they borrowed money from the londen loan market. -
Period: to
the great depresion
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wall street crash
Due to finnancial problems the new york since the war. The new york stock ecxtchange crashes.Because people had borrowed to much money and hadent given the money back. -
government spending cuts
The Austrailian goverment starts making cuts to find ways to repay loans,intresys,ect. Self ecxchange crashes and the government realises that they need more money. They cut jobs,ect,ect,ect,They say this job is not esental so they stop workers from working. -
Austrailian econemy suffers.
Austrailian ecxports {wool,flour,dairy,ect} fall in price by 50%. Befor the great depresion lots of people would come and ask for food with lots of money and thenwhen the econemy comes he has no money to pay for his food and other materiels. -
sydney harbor bride opens
The sydney harbor opened. it created jobs and gave people money to use for their familys. -
unenplyment at a high
33%of people were uninployed .This was because the goverment were rising prices. -
econemy starting to recover
people started to get back on their feet {people started to recover}