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Australia And The Depression
Beginning of paper
Responses by Australian governments to the Great Depression were largely inadequate; however, it is 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; consequent .... Middle of paper
.... market during the early years of depression. The fact that Sir Robert Gibson was Chair of the Commonwealth 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 l ....
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Number of words: 2644
Number of pages: 10 (approx. 250 words per double-spaced page)
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