1935 - 1935 (0 years)
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Date |
Event(s) |
| 1 | 1929 | - 1929—1939: The Great Depression
The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States. The timing of the Great Depression varied across nations; in most countries, it started in 1929 and lasted until the late 1930s. It was the longest, deepest, and most widespread depression of the 20th century. Personal income, tax revenue, profits and prices dropped, while international trade plunged by more than 50%.
New Zealand was especially vulnerable to worldwide depression, as it relied almost entirely on agricultural exports to the United Kingdom for its economy. The drop in exports led to a lack of disposable income from the farmers, who were the mainstay of the local economy. Jobs disappeared and wages plummeted, leaving people desperate and charities unable to cope. Work relief schemes were the only government support available to the unemployed, the rate of which by the early 1930s was officially around 15%, but unofficially nearly twice that level (official figures excluded Maori and women). In 1932, riots occurred among the unemployed in three of the country's main cities (Auckland, Dunedin, and Wellington). Many were arrested or injured through the tough official handling of these riots by police and volunteer "special constables". After 1932, an increase in wool and meat prices led to a gradual recovery.
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| 2 | 1935 | - 27 Nov 1935—12 Dec 1949: First NZ Labour Government
New Zealand's first Labour Government was elected in the 1935 election. Undermined by its failure to cope with the distress of the Depression, the Coalition (or 'National') government was routed by the Labour Party led by Michael Joseph Savage. Labour held power for 19 years, implementing far-reaching economic and social reforms that set the political agenda for the next half century.
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Chris Korte's New Zealand Genealogy Project
