The Great Depression of australia James

By carltonnorth56

  • Post world war 1

    australia borrowed lots of money from the london loan market.
    after world war 1because some people left their jobs
  • Period: to

    Great Deppression

  • Wall street crash

    Due to financial problems since the war the new york stock exchange crashes Many people loose their jobs
  • Period: to

    government spending cuts

    the australian government starts making cuts to find ways to repay loans intrest ect.
    The australian realized they needed to to pay the

  • australian economy Suffers

    Australian exports (wool,flower,dairy etc.)fall in price by allmost 50% autralia dependson exports/income the economy was slowly declining

  • Sydney harbour bridge opens

  • unemployed at a high

    1/3 of the population was unenployed.massive poverty strrikes

  • economy starting to recover