The Great Depression (4 maio 1930 ano – 1 jul 1939 ano)

Descrição:

- Is a period of time from 1930 to 1939 where the entirety of the world suffered almost a decade of high unemployment rates, poverty, deflation, low profits, and bad income. The major cause for this was the stock market crash in 1929.

- Following the Great depression there was also a Global Trade war against the US, due to their increase of trade boundaries in an attempt to get out of a depression. The trade war resulted in Australian exports and imports to the US declining. Additionally, Australia is in a depression meant that there was not abundant enough money flowing in the economy in order to create necessary goods and services for export.

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