Economic Impact of WW2 on Australia
Australia flourished from economic prosperity during World War II. There was a massive boom throughout all sectors. The manufacturing industry reaped the most benefits. This was due to the fact they were sufficiently developed and diversified enough to take on the demand. They were constantly producing items to send over for the war. These would include munitions and aircrafts. Due to rationing being around as well, the demand for the items rose which meant that these industries would gather more profits.
Employment rates were now increasing after the Great Depression and now women were working as well. Key industries were expanding and new ones were being created just like in the First World War. By 1941, 25% of Australia's employment was in the manufacturing industry. The experience workers achieved from the war gave Australia a good foundation for the rebuilding years after the war. Soon later, Australia would reach an era of continuous expansion with every sector growing. Large scale immigration, availability of raw materials, technological advances, and capital inflow all contributed to this.