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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 ...
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.
The Anniversary of National Service 1951–1972 Medal is a circular bronze medal ensigned with the Crown of St Edward. The obverse depicts an Australian Defence Force emblem with the crossed swords of the Army taking precedence, being the arm predominantly affected by national service. The Federation Star surmounts the emblem. The words ...
The National Service Act 1951 is a repealed Act of the Parliament of the Commonwealth of Australia. [1] It provided for the compulsory call-up of males turning 18 on or after 1 November 1950, for service training of 176 days. [2] Trainees were required to remain on the Reserve of the Commonwealth Military Forces (CMF) for five years from ...
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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Case in point, post 2015 Nepal earthquake, Nepal's trade gap (in goods & services) was a shocking 33.3% of GDP [27] although heavy remittances considerably offset that number. According to the U.S. Department of Commerce Bureau of Economic Analysis (BEA), January 27, 2017 report, the GDP "increased 4.0 percent, or $185.5 billion, in the fourth ...