the great depression in australia angus norman

POST WORLD WAR 1

Jan 1, 1920

AUSTRALIA BORROWED LOTS OF MONEY FROM THE LONDON LOAN MARKET.AFTER WW1 MANY PEOPLE DIED AND COULD'NT DOTHIER JOBS SO THEY BORROWED LOANS.

GREAT DEPRESSION

Period: Jan 1, 1920 to Dec 31, 1939

WALL STREET ,CRASH

Oct 31, 1929

Due to financial problems since the war the New York stock exchange crash. So many people had loans and Wall Street crashed.

GOVERNMENT SPENDING CUTS

Nov 1, 1929

THE AUSTRALIAN GOVERNMENT STARTS MAKING CUTS TO FIND WAYS TO REPAY LOANS, INTRESTS ECT. THE STOCK EXCHANGE CRASHES EFFECTS THE AUSTRLIAN GOVERNMENT SOLOTS OF CUTS AND PRICE CHANGES WERE MADE

AUSTRALIAN ECONEMY SUFFERS!

May 31, 1931

AUSTRALIANEXPORTS (WOOL, FLOUR, DAIRY ECT) FALL IN PRICE BY ALMOST 50%. AUSTRALIA DEPENDED ON EXPORTS BUT THE ECONOMY CRASHES SO POEPLE HAD TO SELL FOR LESS MONEY.

SYDNEY HARBOUR BRIDGE OPENS

Mar 19, 1932

THE SYDNEY HARBOUR BRIDGE OP'ENS JOBS WERE PROVIDED

UNEMPLOYMENT WAS AT A HIGH

Jun 1, 1932

32% WERE UNEMPLOYED PEOPLE WERE OUT OF WORK BECAUSE THE ECONOMY CRASHED

ECONOMY STARTING TO RECOVER

Jan 1, 1939