The great depression in Australia Emily Hodgson

By carltonnorth56

  • post world war 1

    australia borrowed lots of money from the london loan market
    after world war people didnt have much money and there weren't many jobs
  • Period: to

    The great depression

  • wall street crash

    due to finnancial problems since the war the new york stock exchange crashed.
    to many banks had loaned money and to many people borrowed alot of money, causing it to crash.

  • Goverment spending cuts

    The australian government starts making cuts to find ways to repay loans, intrests etc.
    stock exchang crashes and now its effecting Australia, and the banks want money, so they have to make cuts to pay back the loans.

  • Australian economy suffers

    Australian exports (wool,flour,dairy etc.) fall in price by almost 50%.

  • Sydney Harbour Bridge Opens

    the sydney habour bridge opend and created jobs,

  • Unemployment at a high

    lowerd prices for exports but rose them for Australians

  • Economy Starting to recover