AUSTRALIAN SHARE PRICE MOVEMENTS

J A N U A R Y 19 0 0 ~ D E C E MB E R 2 0 0 5
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1900 1905 1910 1915 1920 1925 1930 1935 1940 1945 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000
Protectionist Australian Labor Party Free TradeProtectionist Nationalist Labor Liberal Nationalist Nationalist Country Party United Australia Party Country Party-United Australia Party United Australia Party-Country Party Liberal-Country Party Liberal-National Party of Australia
WATSON
FISHER
FISHER FISHER SCULLIN
HUGHES REID-McLEAN
BARTON DEAKIN COOK HUGHES HUGHES BRUCE-PAGE LYONS CHIFLEY CHIFLEY MENZIES MENZIES MENZIES MENZIES MENZIES HOLT HOLT GORTON GORTON McMAHON WHITLAM HAWKE HAWKE HAWKE HAWKE KEATING KEATING HOWARD HOWARD HOWARD FRASER
PAGE FADDEN GORTON FORDE MENZIES
FRASER FRASER
DEAKIN DEAKIN HUGHES LYONS MENZIES MENZIES McEWEN WHITLAM
WHITLAM
FRASER FRASER
CURTIN CURTIN
2005
Boxing Day
Tsunami
2005
Federation.
Boer
War
ends.
War priorities and
shortage of imports
restricts industrial
activity.
1925 U.K.
returns
to gold
standard.
1929 Crash. British
lending ceases.
Export prices
collapse. Industrial
activity falls. Many
businesses close.
1920-21
Brief
post-war
deflation.
1930-31 Depreciation
of Australian
currency. Cheap
money policy and
Premiers Plan.
1936-40 European
war scare. Wool
prices fall. Brief
economic recession
and slow transition
to war economy.
Start of
World War ll.
Oil found in
Bass Strait.
Wool prices peak.
Severe but brief
inflation.
Commodities
plunge. Interest
rates peak.
Severe
recession.
Rising
deficit.
World
share price
collapse.
Property
boom.
World
interest
rates rise
then fall.
S&P up
70% in
2 years.
30 March 2000
S&P/ASX 200
replaces All
Ordinaries as
the investable
benchmark equity
index for the
Australian market.
CPI rise under 2%.
Bond yields at
20year low. Banks
& media revive.
EC currency turmoil.
Gold price up.
Deregulation.
Credit boom.
Growth in SE
Asia & world
economy lifts
commodities.
Commodity
prices recover,
new mineral
discoveries.
Industrial
rationalisation.
Oil, gas
and nickel
discoveries.
Iron ore and
bauxite
developed.
1960 credit
squeeze.
1950 Korean
War starts.
1941 Pearl
Harbour.
U.S.A.
enters War.
1940 fall
of France.
1956
Suez
crisis.
Strong
overseas
investment,
scrip shortage
and property
boom.
Industrial
and property
boom.
First Labor
government
since 1949.
Inflation down.
Industrials recover.
Commodities weak.
$A fall attracts
overseas investors.
Cold War ends. CBD
property crash hits
banks. Major recession.
Interest rates & inflation
fall. Privatisation starts.
OPEC oil crisis,
inflation, credit
squeeze. Property
company failures.
Share price
controls.
1942-46.
1949
Devaluation
of sterling.
Strong
commodity
prices and
trade balance.
ASX
demutualises,
self-lists.
Energy
& metal
shares
boom.
$A
floated.
2nd Gulf War.
Oil, mining
& Poseidon
booms.
Low wool prices.
Import controls.
Increasing British
investment.
Start of
World
War l.
World
War l
ends.
1953
Korean
armistice.
1945 Japan
surrenders.
1945 Germany
surrenders.
1986 Fringe Benefits
Tax introduced.
1989 Berlin Wall
torn down.
1973
Vietnam
agreement.
1st Gulf War.
Superannuation
Guarantee introduced.
US/Europe
equity
bubble bursts,
overseas
markets fall
up to 70%.
Tech
wreck.
1985 Capital Gains
Tax introduced.
Sept. 11
Terrorist
attacks
on US.
2005 1900 1905 1910 1915 1920 1925 1930 1935 1940 1945 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000
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Standard & Poors is the owner and operator of the S&P/ASX index series, including the All Ordinaries. The All Ordinaries, which is used for this chart, was the benchmark equity index for the Australian market up until March 2000, at which
point the S&P/ASX 200 was introduced. For more information about the Standard & Poors Australian index series visit www.standardandpoors.com.au. The chart shows the course of share prices on Australian stock exchanges from 1900.
It is based on monthly averages from the ASX All Ordinaries Share Price Index (1980-2000), the Sydney All Ordinaries Share Price Index (1936-1979) and the Commercial and Industrial Index (1875-1936). From April 2000 this Chart
follows monthly averages for the All Ordinaries. A logarithmic vertical scale has been used to show the proportionate importance of fluctuations over the period.
www.asx.com.au