Depression in 1920s Essays -- essays research papers

How was Australia affected by depression in 1920s?Australia was one of the countries deeply affected by the Depression.This was due to the fact that Australia heavily depended on the imports, trade and investment brainchild from overseas. The delivery was already unstable and was in trouble during the 1920s. The wealth of the economy was only based on the high prices of Australias exports and primary products, a evolution volume of exports and a continued stream of investments into Australia. Any serious decrease to the price and volume of exports and reduction of overseas loans would cause problems. An indication of peril was Australias large and rapidly increasing overseas interest bill. By the ripe 1920s, the prices of Australians exports were also falling. With the continuation of the declining price, Australia would have a difficult struggle to brook for its imports and repayment of loans. Australia was affected so severely as its primary ancestor of income was taken awa y. Employees in public works, building and construction lost their jobs, as loans were no longer being funded for these projects. This also reduced the demand for goods produced in other industries. Australias workmen had a severe lost of jobs and wages. How was the government responding and assisting the population?SussoThose who were lazy were entitled to the application of the susso, a sustenance or dole payment. A person seeking this assistance had to register and demonstrate that th...