Publisher's Synopsis
This is a standard account of the economic collapse and slow recovery of the 1930s, a series of events which had a profound effect on Australia's economic and political history. This new edition of the book includes a new preface by the author.;The book is notable for its breadth of approach and depth of research. Professor Schedvin combines economic analysis with an account of public policy and social institutions. The nature of the depression in Australia is explained partly in terms of the severity of the international and financial crisis, and partly by the vulnerability of the Australian economy because of the high level of foreign debt. The book reveals parallels with the crisis of the mid 1980s.
