Wool crash's deep impact

By Alex Sinnott
Updated November 8 2012 - 12:34pm, first published September 30 2011 - 11:05am
Former Coalition leader John Hewson in Hamilton in June 1993. The former Opposition Leader had lost the 1993 election to Paul Keating only three months earlier. Picture: The Standard archives
Former Coalition leader John Hewson in Hamilton in June 1993. The former Opposition Leader had lost the 1993 election to Paul Keating only three months earlier. Picture: The Standard archives
TOP RIGHT: Former Coalition leader John Hewson in Hamilton in June 1993. The former opposition leader had lost the 1993 election to Paul Keating only three months earlier.  RIGHT: Former Australian Wool Corporation chairman Hugh Beggs on his Nareeb Nareeb station in February 1988. Pictures: The Standard archive
TOP RIGHT: Former Coalition leader John Hewson in Hamilton in June 1993. The former opposition leader had lost the 1993 election to Paul Keating only three months earlier. RIGHT: Former Australian Wool Corporation chairman Hugh Beggs on his Nareeb Nareeb station in February 1988. Pictures: The Standard archive

SPECTACULAR financial crashes seemed to be a regular fixture of corporate Australia during the tail-end of the high-flying and fast-living 1980s.

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