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Woolgrowers, brokers and the debate over the sale of the Australian wool clip, 1920-1925

Keneley, Monica 2001, Woolgrowers, brokers and the debate over the sale of the Australian wool clip, 1920-1925, Australian economic history review, vol. 41, no. 1, pp. 35-55.

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Title Woolgrowers, brokers and the debate over the sale of the Australian wool clip, 1920-1925
Author(s) Keneley, Monica
Journal name Australian economic history review
Volume number 41
Issue number 1
Start page 35
End page 55
Publisher Blackwell Publishers Ltd.
Place of publication Oxford, England
Publication date 2001-03
ISSN 0004-8992
Keyword(s) Economic history
Summary Prior to the First World War, the selling of the Australian wool clip rested firmly in the hands of the large woolbroking firms. An agreement between the British and Australian governments during the war saw many of the wool-selling functions of broking firms taken over by the Central Wool Committee. At the conclusion of hostilities, brokers moved to regain their role in the market. However, market conditions had changed. On an international level, traditional trading relationships had broken down, leaving commodity markets unstable and prices unpredictable. On a local level, woolgrowers had benefited from the wartime orderly marketing scheme and the high price guaranteed by the British government for their wool clip. As a result, they had begun to demand a greater role in the selling arrangements of their clip. This paper investigates the debates over the sale of the wool clip in the 1920s and how woolbrokers and growers eventually arrived at an understanding as to the manner in which the market should operate.
Language eng
Field of Research 140203 Economic History
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2008, Blackwell Publishing Asia Pty Ltd and The Economic History Society of Australia and New Zealand
Persistent URL http://hdl.handle.net/10536/DRO/DU:30001188

Document type: Journal Article
Collection: School of Economics
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Created: Mon, 07 Jul 2008, 07:33:03 EST