4min chapter

The Joe Walker Podcast cover image

Marvellous Melbourne And Australia's Darkest Depression — Graeme Davison

The Joe Walker Podcast

CHAPTER

The Importance of Interest Rates in the Great Depression

Lending was much more muted in the 1920s than it was, for example, in the United States. And that's probably partly why the Great Depression wasn't so great for Australia. Australians remain as devoted as ever to investment in real estate. Getting a piece of land has been right at the centre of what we've striven for from the beginning.

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