|The Great Depression in Australia
Go to the following website and answer the questions below:
•Give a definition of depression when it refers to economy.
A depression is a time when the economy is at a really low point, this happens when demand is less then the supply rate. A time of low economic activity, distinguished from a recession by being prolonged and sustained, characterised by continuing falls in output, high and rising unemployment and companies burdened with unsold stocks because demand is low.
•When was the Great Depression in Australia?
The great depression was during the years of 1929 and 1932. This lasted for 3 years.
•What were Australia’s lowest and highest unemployment rates during the Great Depression?
In Australia the highest unemployment rates were 30%, which was in1932. The lowest unemployment rate in the great depression was at 21%, which was in the mid 1930’s.
•What were the causes of the Great Depression?
The Wall Street stock market crash had a lot to do with the great depression. Other factors were:
•What were the social impacts of the Great Depression on Australians?
The impact the Great Depression had on Australia was horrible. Some people turned to crime. Families were kicked out of their houses as they couldn’t afford them anymore. Some Fathers would sometimes leave their families and became itinerant workers, sons would try and bet on horses to get some money back, even some of the young daughters turned to prostitution.
Many children left school at a young age, woman had it hard when they were married as when they got home it was still thought they should cook and clean for their husbands and jobs were easier to acquire when you were young but this didn’t last long as young workers were sacked around the age of 19.
•List the political impacts of the Great Depression in Australia.
Many people lost their confidence for their governments abilities. There was tension caused over the evictions of people homes, the communist and socialist groups were very much opposed to the idea of kicking people out of their homes; whereas the nationalistic and fascist-style groups like the New Guard were fine with it.
Canberra was in the middle of being built during the great depression so the construction was stopped leaving 7,000 people waiting.
•Who brought political stability to the Australian government after the effects of the Great Depression?
James Scullion was the Prime Minister of Australia during the great depression, although Joseph Lyons became Prime Minister on 6 January 1932. Lyon helped the impacts with the great depressions decrease.
•How much money was given to help unemployment in Australia?
Once the Wall Street Market crashed 1,000,000 pounds was provided for the unemployed in the states, later in July 1930 a further 1 million pounds was provided followed by 50,000 pounds in December of that year. This amount of money helped with jobs, although most work was hard manual labor.
•What sorts of work were the unemployed given?
Hard Manual labor such as the road to the summit of Mount Wellington in Tasmania.
• What did Australia do in an attempt to solve its economic problems?
Under the Prime Minster of Lyon the great depression was relieved by reconnecting with Britain and dropping their trading with United States and Europe.