Early measures to face rising unemployment involved increasing tariffs so as to bolster revenue, cutting off assisted immigration, abandoning the gold standard and offering some increases in social welfare. The first Budget of July 1930 reflected Theodore's instincts to increase taxation so as to be…
Returning to Sydney, Premier Jack Lang almost immediately repudiated the Melbourne Agreement, thus confronting the Federal Labor government. The most important ingredient of the subsequent 'Lang Plan' was that there should be a moratorium on repaying debt so that any government revenues could be spent…
During the 1930s Australia was affected more severely by the economic depression than most developed nations. Australia had depended almost completely on international trade which had now collapsed. Moreover, it was a deeply divided society. In the absence of any effective strategy by which Australia…