Great Depression Warning: You are not logged in. Your IP address will be publicly visible if you make any edits. If you log in or create an account, your edits will be attributed to your username, along with other benefits.Anti-spam check. Do not fill this in! ===Australia=== {{Main|Great Depression in Australia}} Australia's dependence on agricultural and industrial exports meant it was one of the hardest-hit developed countries.<ref>Geoffrey Lawrence, ''Capitalism and the Countryside: The rural crisis in Australia'' (Pluto Press, 1987)</ref> Falling export demand and commodity prices placed massive downward pressures on wages. Unemployment reached a record high of 29% in 1932,<ref>[https://www.abs.gov.au/AUSSTATS/abs@.nsf/Previousproducts/1301.0Feature%20Article142001?opendocument&tabname=Summary&prodno=1301.0&issue=2001&num=&view= A Century of Change in the Australian Labour Market] {{Webarchive|url=https://web.archive.org/web/20211231105618/https://www.abs.gov.au/AUSSTATS/abs@.nsf/Previousproducts/1301.0Feature%20Article142001?opendocument&tabname=Summary&prodno=1301.0&issue=2001&num=&view= |date=December 31, 2021 }}, Australian Bureau of Statistics</ref> with incidents of [[civil unrest]] becoming common.<ref>John Birmingham (2000). Leviathan: The unauthorised biography of Sydney. Random House. {{ISBN|978-0-09-184203-1}}</ref> After 1932, an increase in wool and meat prices led to a gradual recovery.<ref>Judy Mackinolty, ed. ''The Wasted Years?: Australia's Great Depression'' (Allen & Unwin, 1981).</ref> Summary: Please note that all contributions to Christianpedia may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here. You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see Christianpedia:Copyrights for details). Do not submit copyrighted work without permission! Cancel Editing help (opens in new window) Discuss this page