Huge iron-ore deposits found at Pilbara, WA and oil discovered
at Moonie, Qld
Bankruptcies
and unemployment reach 2%, the highest post-war level. This follows a
fall in wool prices, drought, inflation and rising prices in 1960 when
Treasurer Holt imposed a credit squeeze, raising loan interest rates and
heavily increasing sales tax on motor vehicles.
Dr William McBride
recognises severe birth abnormalities in children whose mothers were given
thalidomide in pregnancy.
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Mining huge iron-ore deposits in WA 1
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