Australia and the Great Depression
Quick StatsAlmost 120,000 jobs were lost from manufacturing industries between 1927 and 1932
Wool prices dropped steadily from 1925; the wheat price dropped sharply in 1930. The value of Australia’s wool and wheat exports halved from 1929 to 1930, and national income declined by one third In Australia official unemployment rates peaked in 1933 at 30 per cent Due to London ceasing lending money to Australia, over 200,000 Australians lost their jobs on various public works projects. http://insidestory.org.au/10-june-1931
|
|