“The continued low price of wool in the London market after 1837, the 1839 English recession, the collapse of the mainland markets for grain and livestock, and the downturn of Tasmanian capital invested in Port Phillip speculations led to the Depression.”1
“The continued low price of wool in the London market after 1837, the 1839 English recession, the collapse of the mainland markets for grain and livestock, and the downturn of Tasmanian capital invested in Port Phillip speculations led to the Depression.”William went on many trips to Hobart Town and on return from each had spent more funds on livestock and equipment. Margaret fretted at what appeared to her, to be reckless handling of money. He had a large flock of merino sheep, a flock of sheep for meat, some cattle, and thirty acres u
