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Australia And The Depression
Part 1 of Paper
.... necessary to identify the sources of these inadequacies. Attempts made by the Scullin Government to implement effective policy responses to the problems of the Great Depression were significantly impaired by a number of factors; consequently relevant policies are analysed separately. Among the impediments were a lack .... Part 2 of Paper
....ommonwealth Bank only added to the Governments predicament. Gibson's thoughts on economic policy were conservative, and under existing legislation, he was answerable to no one except the Bank Board, which he dominated.
Consequently, the Government lacked the necessary power to significantly influence to the board in favour of their policies. This lack of means was sorely missed during the crisis in government finance. Australia depended heavily on overseas borrowing for new investment. However.... |
| Number of words: 2644 - Approximate pages: 10 |
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