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Hope, Depression, Fire and War

Geoffrey Blainey-2013-07-10-Cambridge University Press eBooks
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TL;DRAbstract

Most Victorians still believed that progress came mainly from the minerals in the rocks, the richness of the soil, and the sun and rain. But now these omens of progress were sober. The economic boundaries of Victoria were closing in. The future of gold seemed dubious, the farming seasons were proving to be drier than in the pioneering years, and the prices of wool and wheat were low. And yet most years of the 1920s and 1930s were permeated by an optimism stemming from new technology and new products.

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Most Victorians still believed that progress came mainly from the minerals in the rocks, the richness of the soil, and the sun and rain. But now these omens of progress were sober. The economic boundaries of Victoria were closing in. The future of gold seemed dubious, the farming seasons were proving to be drier than in the pioneering years, and the prices of wool and wheat were low. And yet most years of the 1920s and 1930s were permeated by an optimism stemming from new technology and new products.

Keywords

Depression (economics)PsychologyHistoryKeynesian economicsEconomics

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