8/12/2019 Australian Share Price Movements

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AUSTRALIAN SHARE PRICE MOVEMENTS

J A N U A R Y 1 9 0 0 ~ D E C E M B 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

P ro te ct io ni s t A us tr al ia n L ab or P ar ty F re e T ra de P ro te ct io ni s t Nat io na li st L ab orL ib er al Nat io na li st Nat i on al is t Co un tr y Pa rt y U ni te d Au st ra li a Pa rt y Cou nt ry Pa rt y- Un it ed A us t ra li a Pa rt y U ni te d A us t ra li a Pa rt y- Co un tr y Pa rt y L ib er al -Cou nt ry Pa rt y L ib er al -Nat i on al Pa rt y of A us t ra li a

WATSON

FISHER

FISHER FISHER SCULLIN

HUGHESREID-McLEAN

BARTON DEAKIN COOK HUGHES HUGHES BRUCE-PAGE LYONS CHIFLEY CHIFLEY MENZIES MENZIES MENZIES MENZIES MENZIES H OL T H OL T G OR TO NGORTON McMAHON WHITLAM HAWKE H AWKE HAWKE HAWKE KEATING KEATING HOWARD HOWARD HOWARDFRASER

PAGE FADDEN GORTONFORDEMENZIES

F R AS E R F R AS E R

DEAKIN D EAKIN HUGHES LYONS MENZIES MENZIES McEWEN WHITLAM

WHITLAM

FRASER FRASER

C UR TI N C UR TI N

2005

BoxingDay

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.Propertyboom.

Worldinterestrates risethen fall.S&P up70% in2 years.

30 March 2000S&P/ASX 200

replaces AllOrdinaries as

the investable

benchmark equityindex for the

Australian market.

CPI rise under 2%.Bond yields at20year low. Banks& media revive.EC currency turmoil.Gold price up.

Deregulation.Credit boom.Growth in SEAsia & worldeconomy liftscommodities.

Commodityprices recover,new mineraldiscoveries.Industrialrationalisation.

Oil, gasand nickeldiscoveries.Iron ore andbauxitedeveloped.

1960 creditsqueeze.

1950 KoreanWar starts.

1941 PearlHarbour.U.S.A.enters War.

1940 fall

of France.

1956

Suezcrisis.

Strongoverseasinvestment,scrip shortage

and propertyboom.

Industrialand propertyboom.First Labor

governmentsince 1949.

Inflation down.Industrials recover.Commodities weak.

$A fall attractsoverseas investors.

Cold War ends. CBDproperty crash hitsbanks. Major recession.

Interest rates & inflationfall. Privatisation starts.

OPEC oil crisis,inflation, creditsqueeze. Propertycompany failures.

Share price

controls.1942-46.

1949

Devaluationof sterling.

Strongcommodity

prices andtrade balance.

ASXdemutualises,self-lists.

Energy& metal

sharesboom.

$Afloated.

2nd Gulf War.

Oil, mining& Poseidonbooms.

Low wool prices.Import controls.

Increasing Britishinvestment.

Start ofWorldWar l.

WorldWar lends.

1953

Koreanarmistice.

1945 Japansurrenders.

1945 Germanysurrenders.

1986 Fringe BenefitsTax introduced.

1989 Berlin Walltorn down.

1973Vietnamagreement.

1st Gulf War.

SuperannuationGuarantee introduced.

US/Europeequity

bubble bursts,overseas

markets fallup to 70%.

Techwreck.

1985 Capital GainsTax introduced.

Sept.11Terror

istattacksonUS.

20051900 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 Chartfollows 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