The Great Depression In Austrailia - By Nicholas Kamateros

By carltonnorth56

  • After World War I

    Austrailia borrowed lots of money from the London Loan market.
  • Period: to

    The Great Depression

  • Wall Street Crash

    Due to finacial problems since the war the New York stock exchange crashes. Too many people loaned money and the bank didn't have enough support.

  • Gorvenment Spending Cuts

    The Austrailian government starts making cuts to find ways repay loans, interest etc...
    The government is changing taxs, jobs and more money making things.

  • Austrailian Economy Suffers

    Austrailian exports (wool, flower, dairy etc...) fell in price by almost 50%.

  • Sydney Harbour Bridge Opens

  • Unemployment

    32% of the population was unemployed.

  • Economy Starting To Recover

    The economy started to recover.