catallaxy files

catallaxy in technical exile

$150M US in 1952 equals….?

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In the course of writing up my experience of learning economics, I recalled a major land development project at Montague Swamp in the far north west of Tasmania. How much did this great white elephand cost? A google of Montague Swamp+Tasmania did not reveal that information but it did turn up an agreement for Australia to borrow $150,000,000 US dollars from the International Bank for Reconstruction and Development for a range of projects in land development, mining, power generation, iron and steel, railways, industry development etc all listed on a state by state basis. Amazing stuff!

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Written by Admin

February 21, 2006 at 7:27 am

Posted in Uncategorized

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