The depression, of 1929, led to many problems in Australia that had to be addressed by the Australian Federal Government. The depression started on Thursday the 24th of October 1929 due to a stock market crash in Wall Street New York, America. The crash at first devastated New York and America but it quickly spread around the world. The problems for Australian Federal Government concerned their policy decisions on unemployment, imports and exports and government spending.
The Australian Federal Government was split into two groups. The NSW Labor party split into State Labor (supporting Lang) and Federal Labor (supporting Scullin). The split in Labor ranks worsened and caused an early Federal election in December 1931, which was won easily by the United Australia Party led by Labor's former Treasurer, Joseph Lyons. The political unrest did nothing to help policymaking regarding the depression. …
