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post world war 1: The Australian economy was bad so they borrowed a large sum of money fom the London loan market
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wall street is the global stock exchange for america. There was in imbalance in economy and people borrowed to much money so the stock exchange crashed so a lot of people and goverments lost heaps of money
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government spending was cut down to less money as they had to pay off loans and interests partly fromthe London loan market
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after the stock market crash in the USA trade in Australia went down by 180(640 down to 460). At the time Australias economy was built on exports such as: wheat, flour, wool and dairy. In 1931 the price of these items slumped by 50%
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The bridge oppened jobs were gained despite the depression and it was seen as a triumph in the depths of depression and tourists came quickly too which earned money for our economy.
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one third of the working population are unemployed
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