The Great Depression in Australia By Julia and Melana

By carltonnorth56

  • Sydney Harbor Breach Opens

    The Sydney Harbor Bridge opened. This provided jobs and it was a great succes.

  • post world war 1

    australia borrowed lots of money from the loandon loan market
  • Period: to

    the great depression

  • the wall street crash

    due to financial problems since the war the new york stock exchange crashes.
    It crashed because too many people had borrowed money and hadn't given it back- they couldn't support themselves.

  • Government Spending Cuts

    The Australian government starts making cuts to find ways to re-pay loans, interest, etc. Australian government realises that they have to pay back the banks so the government has to make drastic job cuts, and increase the taxes. This is to pay back the loans.

  • Australian Economy Suffers

    Australian exports (wool, flour, dairy, etc.) fall in price by almost 50%. Australia depended on these exports (this was before the mining boom) the main one being dairy. The economy crashes and Australia cannot pay these exported needs, so these products are sold for less, but still made with the same effort as when they were sold for a higher price.

  • Unemployment at a High

    32% of Australia's population was unemployed. This was because the government made the job cuts.

  • Economy Starting to Recover

    10 years after the Wall St. crash the economy started to recover.