Book contents
- Frontmatter
- Contents
- LIST OF AUTHORS
- LIST OF FIGURES
- LIST OF TABLES
- PREFACE
- 1 AN OVERVIEW
- 2 THE AUSTRALIAN RECOVERY OF THE 1930s IN INTERNATIONAL COMPARATIVE PERSPECTIVE
- 3 THE RECOVERY OF THE 1930s AND ECONOMIC POLICY IN BRITAIN
- 4 A MACRO INTERPRETATION OF RECOVERY: AUSTRALIA AND CANADA
- 5 DEPRESSION AND RECOVERY IN NEW ZEALAND
- 6 THE JAPANESE ECONOMY AND ECONOMIC POLICY IN THE 1930s
- 7 THE BATTLE OF THE PLANS: A MACROECONOMETRIC MODEL OF THE INTERWAR ECONOMY
- 8 AUSTRALIAN BUDGETARY POLICIES IN THE 1930s
- 9 MONETARY POLICY IN DEPRESSION AND RECOVERY
- 10 SHARING THE BURDEN: THE AUSTRALIAN LABOUR MARKET DURING THE 1930s
- 11 MANUFACTURING AND ECONOMIC RECOVERY IN AUSTRALIA, 1932–1937
- 12 AGRICULTURE AND THE RECOVERY FROM THE DEPRESSION
- 13 UNEMPLOYMENT AND THE AUSTRALIAN ECONOMIC RECOVERY OF THE 1930s
- 14 GOVERNMENT UNEMPLOYMENT RELIEF IN THE 1930s: AID OR HINDRANCE TO RECOVERY?
- 15 UNEQUAL SACRIFICE: DISTRIBUTIONAL ASPECTS OF DEPRESSION AND RECOVERY IN AUSTRALIA
- REFERENCES
- INDEX
1 - AN OVERVIEW
Published online by Cambridge University Press: 24 November 2009
- Frontmatter
- Contents
- LIST OF AUTHORS
- LIST OF FIGURES
- LIST OF TABLES
- PREFACE
- 1 AN OVERVIEW
- 2 THE AUSTRALIAN RECOVERY OF THE 1930s IN INTERNATIONAL COMPARATIVE PERSPECTIVE
- 3 THE RECOVERY OF THE 1930s AND ECONOMIC POLICY IN BRITAIN
- 4 A MACRO INTERPRETATION OF RECOVERY: AUSTRALIA AND CANADA
- 5 DEPRESSION AND RECOVERY IN NEW ZEALAND
- 6 THE JAPANESE ECONOMY AND ECONOMIC POLICY IN THE 1930s
- 7 THE BATTLE OF THE PLANS: A MACROECONOMETRIC MODEL OF THE INTERWAR ECONOMY
- 8 AUSTRALIAN BUDGETARY POLICIES IN THE 1930s
- 9 MONETARY POLICY IN DEPRESSION AND RECOVERY
- 10 SHARING THE BURDEN: THE AUSTRALIAN LABOUR MARKET DURING THE 1930s
- 11 MANUFACTURING AND ECONOMIC RECOVERY IN AUSTRALIA, 1932–1937
- 12 AGRICULTURE AND THE RECOVERY FROM THE DEPRESSION
- 13 UNEMPLOYMENT AND THE AUSTRALIAN ECONOMIC RECOVERY OF THE 1930s
- 14 GOVERNMENT UNEMPLOYMENT RELIEF IN THE 1930s: AID OR HINDRANCE TO RECOVERY?
- 15 UNEQUAL SACRIFICE: DISTRIBUTIONAL ASPECTS OF DEPRESSION AND RECOVERY IN AUSTRALIA
- REFERENCES
- INDEX
Summary
Introduction
The focus in this volume is on Australia in an international context so that we can see to what extent our depression experience was different from that of other countries with which we usually compare ourselves. We begin with an overview of the depression experience in six countries—Australia, New Zealand, Canada, Japan, the United Kingdom and the United States—to provide a backdrop against which to place the individual chapters. The first task is to measure the depth of the depression in each country, focusing primarily on unemployment, employment and output. The first impression created by this exercise is the similarity of the depression experience. The economic downturn starts at much the same time (1929–30) in all countries and a strong employment recovery begins within three to five years.
Upon further investigation a number of systematic differences become apparent, especially between Canada and the United States, on the one hand, and Australia and the United Kingdom, on the other. This dichotomy is so striking, and the availability of internationally comparable data is so much better for these four countries, that the overview devotes quite a lot of space to this comparison. The major differences revolve around the depth of the depression, the date of the recovery process, the degree of job sharing and changes in the terms of trade.
After measuring the extent of these differences we change our focus towards those aspects of economic policy that attracted the attention of our authors.
- Type
- Chapter
- Information
- Recovery from the DepressionAustralia and the World Economy in the 1930s, pp. 1 - 32Publisher: Cambridge University PressPrint publication year: 1989