The Great Depression in Australia - Sian :D By carltonnorth56 Period: Jan 1, 1920 to Dec 31, 1939 The Great Depression Oct 31, 1929 The Wall St stock exchange crashes! Due to financial problems the Wall St stock exchange crashes Nov 1, 1929 Government spending cuts Jun 1, 1931 Australian economy suffers Australian economy falls 50% Mar 19, 1932 Sydney Harbour Bridge opens bright spot in dark time Dec 31, 1932 unemployment peaks unemployment at its highest