Height of the Great Depression, Australia's Defining Moments Digital Classroom
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The Wall Street Crash of 1929 led to a worldwide economic depression and the collapse of the Australian economy. At its worst in 1932, unemployment in Australia reached 32 per cent. It took almost 10 years for the Australian economy to recover from the Great Depression, affecting people deeply for decades to come. It also radically changed economic thinking and policy in Australia.
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