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8 - War and reconstruction in Australia, 1941–59

from Part III - 1941 to 1973

Published online by Cambridge University Press:  05 November 2012

Barrie Dyster
Affiliation:
University of New South Wales, Sydney
David Meredith
Affiliation:
University of Oxford
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Summary

A federal Department of Post-War Reconstruction formed in 1942. Its existence represented a resolve to master economic conditions in peacetime, and its deliberations produced many of the policies and techniques to do so. Full employment became both an aim in itself, in a heartfelt reaction against the miseries of the Depression, and the key to fully employing all other resources, in accord with the Keynesian economic assumptions that reaction to the Depression had turned into orthodoxy. A federal Department of Immigration existed for the first time in 1945, and a revived and vastly enhanced program of immigration became central to a moderate level of labour planning. Activities like housing and vehicle-building that employed many people, and that had strong linkages through their inputs or their outputs with other industries, became central to a kind of industry policy. The federal government expanded its patronage of applied research and began its involvement in both technical and university education. By the end of the 1940s, when European countries were still trying to repair the destruction of war, and unemployment in the United States was rising again towards 10 per cent, Australia seemed to be about the most successful economy in the world.

Type
Chapter
Information
Australia in the Global Economy
Continuity and Change
, pp. 172 - 197
Publisher: Cambridge University Press
Print publication year: 2012

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References

Beaumont, J. 1996 Australia’s war, 1939–1945Allen & UnwinSydney
Coombs, H. C. 1971 Other people’s money: economic essaysANU PressCanberraGoogle Scholar
Crawford, J. G. 1968 Australian trade policy 1942–1966: a documentary historyANU PressCanberraGoogle Scholar
Fox, C. 1991 Working AustraliaAllen & UnwinSydneyGoogle Scholar
Jupp, J. 1991 ImmigrationSydney University PressSydneyGoogle Scholar
Patmore, G. 1991 Australian labour historyLongman CheshireMelbourneGoogle Scholar
Pinkstone, B. 1992 Global connections: a history of exports and the Australian economyAustralian Government Publishing ServiceCanberraGoogle Scholar
Schedvin, C. B. 1992 In reserve: central banking in Australia 1945–1975Allen & UnwinSydneyGoogle Scholar
Tweedie, S. M. 1994 Trading partners: Australia and Asia 1790–1993UNSW PressSydneyGoogle Scholar
Whitwell, G. 1986 The Treasury lineAllen & UnwinSydneyGoogle Scholar

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