What was the main reason why Australia's economy collapsed right before the Great Depression began? It was tied too closely to G

Question

4 years ago

12

What was the main reason why Australia's economy collapsed right before the Great Depression began? It was tied too closely to G

reat Britain's. Australia suffered through major droughts. Mining strikes crippled the economy. The government made poor decisions.

History

2 answers:

algol [13] · Answer 1 · 2022-01-11T18:33:53+03:00

The main reason why Australia's economy collapsed right before the Great Depression began was that the government made poor decisions.

Australia suffered badly during the period of the Great Depression of the 1930s. The Depression began with the Wall Street Crash of 1929 and rapidly spread worldwide. Along with other nations, Australia suffered years of high unemployment, poverty, low profits, deflation, plunging incomes, and lost opportunities for economic growth and personal advancement.

Shalnov [3] · Answer 2 · 2022-01-11T17:22:39+03:00

Shalnov [3]4 years ago

4 0

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.

I hope that helps u out!

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