Leslie Melville
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Leslie Melville
Sir Leslie Galfreid Melville (26 March 190230 April 2002) was a renowned Australian economist, academic and public servant. He helped form Australia's central banking system and gave his voice in international economic forums in the years following World War II. He also played an important role in the early years of the Australian National University, serving as its Vice-Chancellor between 1953 and 1960. Early years and background Leslie Melville was born in Sydney in 1902. His father Richard Ernest Melville was of Irish stock, and his mother Lillian Evelyn née Thatcher had English forebears. During World War I, his father lost his job as a bank manager and then invested in a project that failed, bringing the family into severe financial difficulty. This experience helped formulate Leslie's outlook and attitudes to economic matters generally. He won a scholarship to Sydney Church of England Grammar School (Shore), where he topped the state in mathematics, and was know ...
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Sydney
Sydney ( ) is the capital city of the state of New South Wales, and the most populous city in both Australia and Oceania. Located on Australia's east coast, the metropolis surrounds Sydney Harbour and extends about towards the Blue Mountains to the west, Hawkesbury to the north, the Royal National Park to the south and Macarthur to the south-west. Sydney is made up of 658 suburbs, spread across 33 local government areas. Residents of the city are known as "Sydneysiders". The 2021 census recorded the population of Greater Sydney as 5,231,150, meaning the city is home to approximately 66% of the state's population. Estimated resident population, 30 June 2017. Nicknames of the city include the 'Emerald City' and the 'Harbour City'. Aboriginal Australians have inhabited the Greater Sydney region for at least 30,000 years, and Aboriginal engravings and cultural sites are common throughout Greater Sydney. The traditional custodians of the land on which modern Sydney stands ...
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Isaac Newton
Sir Isaac Newton (25 December 1642 – 20 March 1726/27) was an English mathematician, physicist, astronomer, alchemist, theologian, and author (described in his time as a " natural philosopher"), widely recognised as one of the greatest mathematicians and physicists and among the most influential scientists of all time. He was a key figure in the philosophical revolution known as the Enlightenment. His book (''Mathematical Principles of Natural Philosophy''), first published in 1687, established classical mechanics. Newton also made seminal contributions to optics, and shares credit with German mathematician Gottfried Wilhelm Leibniz for developing infinitesimal calculus. In the , Newton formulated the laws of motion and universal gravitation that formed the dominant scientific viewpoint for centuries until it was superseded by the theory of relativity. Newton used his mathematical description of gravity to derive Kepler's laws of planetary motion, account for ti ...
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John McEwen
Sir John McEwen, (29 March 1900 – 20 November 1980) was an Australian politician who served as the 18th prime minister of Australia, holding office from 1967 to 1968 in a caretaker capacity after the disappearance of Harold Holt. He was the leader of the Country Party from 1958 to 1971. McEwen was born in Chiltern, Victoria. He was orphaned at the age of seven and raised by his grandmother, initially in Wangaratta and then in Dandenong. McEwen left school when he was 13 and joined the Australian Army at the age of 18, but the war ended before his unit was shipped out. He was nonetheless eligible for a soldier settlement scheme, and selected a property at Stanhope. He established a dairy farm, but later bought a larger property and farmed beef cattle. After several previous unsuccessful candidacies, McEwen was elected to the House of Representatives at the 1934 federal election. He was first elevated to cabinet by Joseph Lyons in 1937. McEwen became deputy leader of the ...
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Research School Of Pacific And Asian Studies
The Coral Bell School of Asia Pacific Affairs is a constituent of the College of Asia and the Pacific, but was formerly part of the Research School of Pacific and Asian Studies, ANU, which was founded in 1946 as part of the Institute of Advanced Studies at the Australian National University in Canberra, Australian Capital Territory. In 2015 it was renamed in honour of Coral Bell, a leading Australian scholar of international politics. History First known as the Research School for Pacific Studies (RSPacS), the research school began as one of the foundation schools of the Institute of Advanced Studies at ANU. In the late 1940s Raymond Firth, an eminent international scholar from the London School of Economics, was asked to join a group of other academics to advise on the creation of the first research schools within the ANU. Other leading scholars in the group included Mark Oliphant (physical sciences), Keith Hancock (social sciences), and Nobel prize-winner Howard Florey (medi ...
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John Maynard Keynes
John Maynard Keynes, 1st Baron Keynes, ( ; 5 June 1883 – 21 April 1946), was an English economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. Originally trained in mathematics, he built on and greatly refined earlier work on the causes of business cycles. One of the most influential economists of the 20th century, he produced writings that are the basis for the school of thought known as Keynesian economics, and its various offshoots. His ideas, reformulated as New Keynesianism, are fundamental to mainstream macroeconomics. Keynes's intellect was evident early in life; in 1902, he gained admittance to the competitive mathematics program at King's College at the University of Cambridge. During the Great Depression of the 1930s, Keynes spearheaded a revolution in economic thinking, challenging the ideas of neoclassical economics that held that free markets would, in the short to medium term, a ...
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International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1944, started on 27 December 1945, at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international monetary system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. , the fund had XDR 477 billi ...
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World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In the 1970s, it focused on loans to developing world countries, shifting away from that mission in the 1980s. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its loan strategy is influenced by the Sustainable Development Goals as well as environmental and social safeguards. , the World Bank is run by a president and 25 executive directors, as well as 29 various v ...
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United Nations Monetary And Financial Conference
The Bretton Woods Conference, formally known as the United Nations Monetary and Financial Conference, was the gathering of 730 delegates from all 44 Allied nations at the Mount Washington Hotel, situated in Bretton Woods, New Hampshire, United States, to regulate the international monetary and financial order after the conclusion of World War II. The conference was held from July 1 to 22, 1944. Agreements were signed that, after legislative ratification by member governments, established the International Bank for Reconstruction and Development (IBRD, later part of the World Bank group) and the International Monetary Fund (IMF). This led to what was called the Bretton Woods system for international commercial and financial relations. Background Multilateral economic cooperation among countries was crucial for the post-war world economies. Countries sought to establish an international monetary and financial system that fostered collaboration and growth among the participa ...
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Robert Gibson (businessman)
Sir Robert Gibson GBE (4 November 1863 – 1 January 1934) was a Scottish-born Australian businessman, a president of the Associated Chambers of Manufactures of Australia. Early life Gibson was born at Falkirk, Scotland, the third son of John Edward Gibson, metal manufacturer, and his wife Harriette, ''née'' Hicks. Gibson was educated at Falkirk High School and joined the Camelon Iron Company, of which his father was managing director, at 15 years of age. In 1883 he was apprenticed to Robert Gardner and Company, Glasgow, and studied art and design at the Haldane academy. Career In 1887 Gibson rejoined the Camelon Iron Company as a designer, and was soon appointed manager of its London office. Gibson married Winifred Moore of Glasgow on 22 March 1890, and sailed to Australia the same day, following two brothers. He was a designer and draughtsman for about six years at Melbourne. In 1897, he established the Austral Manufacturing Company Pty Ltd. Some 10 years later he founded t ...
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Joseph Lyons
Joseph Aloysius Lyons (15 September 1879 – 7 April 1939) was an Australian politician who served as the 10th Prime Minister of Australia, in office from 1932 until his death in 1939. He began his career in the Australian Labor Party (ALP), but became the founding leader of the United Australia Party (UAP) after the Australian Labor Party split of 1931. He had earlier served as Premier of Tasmania from 1923 to 1928. Lyons was born in Stanley, Tasmania, and before entering politics worked as a schoolteacher. He was active in the Labor Party from a young age and won election to the Tasmanian House of Assembly in 1909. He served as Treasurer of Tasmania (1912–1914) under John Earle, before replacing Earle as party leader in 1916. After two elections that ended in hung parliaments, Lyons was appointed premier in 1923 at the head of a minority government. He pursued moderate reforms and successfully negotiated a constitutional crisis over the powers of the Legislative Counci ...
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Prime Minister Of Australia
The prime minister of Australia is the head of government of the Commonwealth of Australia. The prime minister heads the executive branch of the federal government of Australia and is also accountable to federal parliament under the principles of responsible government. The current prime minister is Anthony Albanese of the Australian Labor Party, who became prime minister on 23 May 2022. Formally appointed by the governor-general, the role and duties of the prime minister are not described by the Australian constitution but rather defined by constitutional convention deriving from the Westminster system. To become prime minister, a politician should be able to command the confidence of the House of Representatives. As such, the prime minister is typically the leader of the majority party or coalition. Prime ministers do not have a set duration or number of terms, but an individual's term generally ends when their political party loses a federal election, or they los ...
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Great Depression
The Great Depression (19291939) was an economic shock that impacted most countries across the world. It was a period of economic depression that became evident after a major fall in stock prices in the United States. The Financial contagion, economic contagion began around September and led to the Wall Street Crash of 1929, Wall Street stock market crash of October 24 (Black Thursday). It was the longest, deepest, and most widespread depression of the 20th century. Between 1929 and 1932, worldwide Gross domestic product, gross domestic product (GDP) fell by an estimated 15%. By comparison, worldwide GDP fell by less than 1% from 2008 to 2009 during the Great Recession. Some economies started to recover by the mid-1930s. However, in many countries, the negative effects of the Great Depression lasted until the beginning of World War II. Devastating effects were seen in both rich and poor countries with falling personal income, prices, tax revenues, and profits. International t ...
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