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Australia borrowed lots of money from the london lone market. After world war because sompeople left there jobs to go to the war and unfourtnatly lots of people didnt come back, so they took out lones from the london lone market
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Due to finacial problems since the war the new york stock exstange crashes, the banks were giving out to much money which ment that wall street crashd which ment lots of people lost out
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The Australian Goverment starts making cuts to find ways to repay lones, intrest etc. The australian goverment relized they needed to pay the bank. So they made cut in taxes etc
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Australian Exports (wool,flour,dairy etc) fall in price by almost 50% Australia depended on exports, they had lower the price of milk,dairy etc because of the great derprission
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one third of the working poulation were unemployed, They lowerd prices for exportes but made prices higher for australians
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