<Table> <Tr> <Td> </Td> <Td> This article needs additional citations for verification . Please help improve this article by adding citations to reliable sources . Unsourced material may be challenged and removed . (October 2008) (Learn how and when to remove this template message) </Td> </Tr> </Table> <Tr> <Td> </Td> <Td> This article needs additional citations for verification . Please help improve this article by adding citations to reliable sources . Unsourced material may be challenged and removed . (October 2008) (Learn how and when to remove this template message) </Td> </Tr> <P> Australia suffered badly during the period of the Great Depression of the 1930s . The Depression began with the Wall Street Crash of 1929 and rapidly spread worldwide . As in other nations, Australia suffered years of high unemployment, poverty, low profits, deflation, plunging incomes, and lost opportunities for economic growth and personal advancement . </P> <P> The Australian economy and foreign policy largely rested upon its place as a primary producer within the British Empire, and Australia's important export industries, particularly primary products such as wool and wheat, suffered significantly from the collapse in international demand . Unemployment reached a record high of around 30% in 1932, and gross domestic product declined by 10% between 1929 and 1931 . </P>

What happened to australia during the great depression
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