Why Is Australia During The Great Depression

The great depression has been a period of great difficulty for people all around the world. The unfortunate event that started in 1929 has fortunately ended. Australia was deeply affected by the stock market crash in Wall Street, New York. Unemployment rates were already at 10% before the crash and more than doubled to 21% in mid-1930s. By 1932, almost 32% of Australians were unemployed.
Australia’s national income dropped by a third after the crash. More than 40 000 men were on the move around the country looking for work to support themselves and their family. The few jobs that were available were viciously fought over. Charity groups had become the only source of income in the absence of unemployment insurance. Yet they were still unable to feed overwhelming numbers of hungry lives. Furthermore, more than 60 000 men, women and children depended on the susso by 1932. The “susso”, also known as sustenance, was a state based payment that had allowed families to buy the least amount of food.
Many people were also not able to afford extra expenses such as newspapers to even look for jobs. Even so, those who could find work, their standard of living was not essentially better. In 1933, 17% of people earned less than $4 per week. From time to time, tickets would be thrown in the air, down on the wharves, amongst a group of workers to figure out who would receive the shift. The man that caught a ticket was offered a day’s