“It lasted for several years and was a time of extreme hardship for many Australians as commodity prices fell, businesses closed, jobs were lost and people struggled to survive. Australia was one of the worst affected countries in the world with the second-highest level of debt and the second-highest level of unemployment after Germany, because of its mountain of debt and reliance on wool and wheat exports. In Australia in the Depression: •Unemployment reached its peak in mid-1932 when nearl...y thirty per cent of people were unemployed. The effect was devastating. Without a steady income, many people lost their homes. •In Sydney during 1932, about 5000 families were evicted from their homes. •Hundreds of thousands of people were unemployed for an average of five years. •About 30,000 men went ‘on the wallaby track’, as swagmen, walking hundreds of miles or ‘riding the rattler’ (hitching rides on freight trains) in search of odd jobs.MoreLessRead More Read Less
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