The Great Depression

The Depression was a financial fall-out that affected the population globally. In Australia the Depression began in 1929 and ended in 1937. High levels of unemployment, poverty, evictions and homelessness spread across Australia. Two main strategies suggested to solve the problems of the Depression was a deflationary policy, such as the one devised by Sir Otto Niemeyer and an inflationary policy, as suggested by Edward Granville Theodore and John Thomas Lang. The Government finally decided to implement a deflationary policy, yet this attempt was not successful in ending the Depression.
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