The main reason Australia's economy collapsed right before the Great Depression began is because the government made poor decisions. Many factors led to their economy collapsing but they can be summed up by the government made poor decisions.
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The United States would be very different if we still lived under the Articles of Confederation. Here are a couple examples
1) There would be no such thing as a federal income tax.- According to the Articles of Confederation, the federal government cannot tax citizens. This would greatly reduce the power of the federal government.
2) There would be no president- The Articles of Confederation did not have an executive branch, meaning there was no president under this constitution.
There are some ideas from the Articles of Confederation. This includes the ability of Congress to declare war. This is an important part of our society today, as it checks the power of the president and ensures that a majority of elected officials in the federal government want to go to war.