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Adelaide enjoyed a postwar boom, entering a time of relative prosperity. Its population grew, and it became the third most populous metropolitan area in the country, after Sydney and Melbourne. Its prosperity was short-lived, with the return of droughts and the [[Great Depression]] of the 1930s. It later returned to fortune under strong government leadership. [[Secondary sector of industry|Secondary industries]] helped reduce the state's dependence on [[primary sector of industry|primary industries]]. World War II brought industrial stimulus and diversification to Adelaide under the [[Thomas Playford IV|Playford]] Government, which advocated Adelaide as a safe place for manufacturing due to its less vulnerable location.<ref>Cockburn, S (1991): ''Playford – Benevolent Despot.'' Axiom Publishing. P. 85. {{ISBN|0 9594164 4 7}}</ref> Shipbuilding was expanded at the nearby port of [[Whyalla, South Australia|Whyalla]].
The South Australian Government in this period built on former wartime manufacturing industries but neglected cultural facilities which meant South Australia's economy lagged behind.<ref name="Marsden" /> International manufacturers like
The [[Don Dunstan|Dunstan Governments]] of the 1970s saw something of an Adelaide 'cultural revival',<ref>{{Cite web|url=http://www.southaustraliaremovalists.com.au/south-australia/adelaide.html|title=Adelaide Removalists South Australia|website=southaustraliaremovalists.com.au|access-date=14 June 2019|archive-url=https://web.archive.org/web/20190304114350/http://southaustraliaremovalists.com.au/south-australia/adelaide.html|archive-date=4 March 2019|url-status=live}}</ref> establishing a wide array of social reforms. The city became noted for its progressivism as South Australia became the first Australian state or territory to [[LGBT rights in South Australia|decriminalise homosexuality]] between consenting adults in 1975.<ref name=carbery>{{cite book |last=Carbery |first=Graham |title=Towards Homosexual Equality in Australian Criminal Law: A Brief History |year=2010 |edition=2nd |url=http://www.alga.org.au/files/towardsequality2ed.pdf |publisher=Australian Lesbian and Gay Archives Inc. |access-date=23 April 2019 |archive-url=https://web.archive.org/web/20190305143829/https://www.alga.org.au/files/towardsequality2ed.pdf |archive-date=5 March 2019 |url-status=dead }}</ref> Adelaide became a centre for the arts, building upon the biennial "[[Adelaide Festival of Arts]]" that commenced in 1960. The [[State Bank of South Australia|State Bank]] collapsed in 1991 during an economic recession. The effects lasted until 2004, when [[Standard & Poor's]] reinstated South Australia's AAA credit rating.<ref>{{Cite news |title=All-round country |work=The Australian |page=14 |date=29 September 2004}}</ref> Adelaide's tallest building, completed in 2020, is called the Adelaidean and is located at 11 Frome Street.<ref>{{cite web|title=Frome Central Tower|url=https://www.emporis.com/buildings/1350710/frome-central-tower-one-adelaide-australia|archive-url=https://web.archive.org/web/20200607154918/https://www.emporis.com/buildings/1350710/frome-central-tower-one-adelaide-australia|url-status=dead|archive-date=7 June 2020|work=emporis.com|access-date=20 January 2021}}</ref>
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