The Great Depression in Australia Lillian Gutteridge

By carltonnorth56

  • Post World War One

    After the war, the Australian economy was struggling, and many of the soldiers who returned didn't have jobs. There were also less workers now, as not all the soldiers had come home.
  • Period: to

    The Great Depression

  • Wall Street Crash

    In the period after World War One, too many people borrowed money that they couldn't pay back, and the banks lent too much money, causing the New York stock exchange to crash.

  • Government Spending Cuts

    The Australian Government starts making spending cuts to find ways to repay loans, interests, etc. The stock exchange crash effected the Australian Government, and so they started to cut money from jobs to repay loans, interests, etc.

  • Australian economy suffers

    (wool, flour, dairy, etc.) fall in price by almost 50%.
    Because of the Depression, other countries had less money to spend on Australian exports (wool, flour, dairy, etc.) and they fell in price by almost 50%.

  • Sydney Harbour Bridge opens

  • Unemployment was high

    32% of the Ausralian population are unimployed.

  • The economy starts to recover.