New Zealand economic history

The most sustained boom in New Zealand’s economic history began with the recovery from the great depression in 1935, and very strong production during the Second World War, as people worked long hours and women worked outside the home as a part of the war effort. The ‘Vogel era’ was a decisive moment in New … There were gold rushes and people also exported kauri gum. The number of short-term arrivals to New Zealand increased 1.3 percent over the same period. Tourism generated a direct contribution to gross domestic product (GDP) of $16.2 billion, or 5.8 percent of GDP. Strong growth took up again from 1950 to 1966. New Zealand’s first European economy was based on sealing and whaling, and timber. Growth slowed during the period of post-war adjustment. Tourism is our biggest export industry, contributing 21% of foreign exchange earnings. Page 1 - New Zealand in the Korean WarNew Zealand was involved militarily in Korea from 1950 to 1957, first as part of the United Nations 'police action' to repel North Korea's invasion of its southern neighbour, and; The Vogel era. These were all products which eventually ran out, but while they made money they helped to establish towns and transport. New Zealand’s economic history since the mid-20th century has consisted largely of attempts to grow and diversify its economy by finding new markets and new products (such as wine and paper products), expanding its manufacturing base, and entering into or supporting free-trade agreements. In 1870, Colonial Treasurer Julius Vogel launched the most ambitious development programme in New Zealand’s history. Post-war growth.

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