Great Depression Further Hinders Australian Mining (jan 1, 1929 – jan 1, 1933)

Description:

- The Great Depression between 1929 and 1933, prices, supply and demand for Australian minerals were further negatively impacted.
- For example, coal production was at 14 megatons in the mid-1920s, however, over a third of this production fell.
- Lack of production, falling of prices and demand, rendered the mining industry insecure and insignificant to Australian trading for much of the 1930s and 40s.
- Meanwhile, agricultural stocks such as wool, continued to develop through difficult times.

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