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翻訳と辞書　辞書検索 [ 開発暫定版 ] スポンサード リンク Premiers' Plan ： ウィキペディア英語版 Premiers' Plan The Premiers' Plan was a deflationary economic policy agreed by a meeting of the Premiers of the Australian states in June 1931 to combat the Great Depression. ==Background== The Great Depression in Australia saw huge levels of unemployment and economic suffering amid plummeting export income.〔http://primeministers.naa.gov.au/primeministers/scullin/in-office.aspx#section2〕 Although the economic downturn was a product of international events, Australian governments grappled with how to respond. Conventional economists said governments should pursue deflationary policies. Radicals proposed inflationary responses and increased government spending. The Scullin Labor Government had won office in 1929 in time to face the full force of the global crisis—the ‘Wall Street crash’ took place in the first week of his government.〔http://primeministers.naa.gov.au/primeministers/scullin/〕 Division emerged within the Labor government over how to respond.〔K J Mason; ''Experience of Nationhood''; 3rd Edition; McGraw Hill; 1992.〕 Scullin invited Sir Otto Niemeyer of the Bank of England to come to Australia to advise on economic policy. Niemeyer recommended a traditional deflationary response of balanced budgets to combat Australia's high levels of debt and insisted that interest on loans be met.〔K J Mason; ''Experience of Nationhood''; 3rd Edition; McGraw Hill; 1992.〕 Labor Treasurer Ted Theodore meanwhile supported the view of John Maynard Keynes that an ''inflationary'' policy of increased government spending was required. The Senate and Commonwealth Bank rejected his spending plans. The Labor Premier of New South Wales meanwhile announced the Lang Plan in February 1931, which entailed a cessation of interest repayments on debts to Britain and that interest on all government borrowings be reduced by 3% to free up money for injection into the economy.〔K J Mason; ''Experience of Nationhood''; 3rd Edition; McGraw Hill; 1992.〕 With the rejection of the Theodore and Lang inflationary plans, the governments of Australia met to negotiate a compromise in 1931. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Premiers' Plan」の詳細全文を読む スポンサード リンク 翻訳と辞書 : 翻訳のためのインターネットリソース Copyright(C) kotoba.ne.jp 1997-2016. All Rights Reserved.