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Crisis in Australian History - Australian history: Towards a Marxist analysis.
This is the text of a talk given around 1985; and deals primarily with the causes of the Depression of the 1890s, looking at parallels to the 1930s. Some of the material here is a bit out of date, but what the heck.
During the past century, the Australian economy has experienced two periods of extremely severe economic collapse: the depressions of the 1890s and the 1930s.
These crises were quite unlike anything we ourselves have ever experienced. In both depressions there was a decline in gross national product of the order of 30%. This meant mass unemployment of between a third and a ha…
- Crisis in Australian History - Australian history: Towards a Marxist analysis.
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