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The Australian governments of this period, dominated by the conservative Liberal Party of Australia, were broadly successful in maintaining economic growth and unemployment, but were criticised by opponents for failing to effectively control inflation, instituting periodic "credit squeezes" (1952 and 1961), and rejecting national economic ...
In 1964, compulsory national service for 20-year-old males was introduced under the National Service Act 1964. The selection of conscripts was made by a sortition or lottery draw based on date of birth, and conscripts were obligated to give two years of continuous full-time service, followed by a further three years on the active reserve list ...
In 1958, Australian country music singer Slim Dusty, who would become the musical embodiment of rural Australia, had Australia's first international music chart hit with his bush ballad "A Pub with No Beer", [13] while rock and roller Johnny O'Keefe's Wild One became the first local recording to reach the national charts, [14] peaking at #20.
United States trade deficits from 1997 to 2021. Deficits are over 50 billion dollars as of 2021 with the countries shown. Data from the US Census Bureau.. The balance of trade of the United States moved into substantial deficit from the late 1990s, especially with China and other Asian countries.
Buying American-Made Stimulates the Economy. When you buy American-made goods, you’re helping stimulate the national economy! When you buy local and American-made, domestic sales increase.
"By the early 1960s, domestic industry supplied 95% of Mexico's and 98% of Brazil's consumer goods. Between 1950 and 1980, Latin America's industrial output went up six times, keeping well ahead of population growth. Infant mortality fell from 107 per 1,000 live births in 1960 to 69 per 1,000 in 1980, [and] life expectancy rose from 52 to 64 years.
Australia's "big four banks" (National Australia Bank, Commonwealth Bank, Australia and New Zealand Banking Group and Westpac) are among the 'World's 50 Safest Banks' as of April 2012. [ 158 ] Between 1991 and 2013, 36,720 mergers and acquisitions with a total known value of US$2,040 billion with the involvement of Australian firms have been ...
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