The great depression in Australia Matthew 1 By carltonnorth56 Jan 1, 1920 post worl war one Following the blow to the econony after world war one, the Australian Government borrowed a lot of money from the London Loan Market. Period: Jan 1, 1920 to Jan 1, 1939 Great depression Oct 31, 1929 Wall Street Crash Nov 1, 1929 Government Spending Cuts Government spending was cut as they had to find ways to pay back loans and interest. Dec 31, 1931 Australian economy is struggling Mar 19, 1932 Sydney Harbour Bridge Jun 1, 1932 Unemployment at a high point Jan 31, 1939 Economy gradually starting to recover