VI. The World Wars and the Interwar Period, 1914–1945 > I. The Pacific Region, 1914–1945 > 4. New Zealand > 1936
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  The Encyclopedia of World History.  2001.
 
 
1936
 
Wage rates cut during the depression were restored, working hours limited, and minimum pay set. Union membership became compulsory. The Reserve Bank was nationalized, ensuring low-interest loans for national development schemes. The government undertook to buy farm produce at a guaranteed price, with deficits being made up from Reserve Bank credits. The government undertook an extensive program of public housing construction.  1
 
1937, May 12
 
Foundation of the National Party, a merger of the old Reform and United Parties. It opposed the government's socialistic program, favoring private enterprise.  2
 
1938
 
Universal free health care established. National superannuation scheme was introduced.  3
 
Oct. 15
 
Labour won with a convincing majority in elections. Foreign exchange and import controls were introduced which remained in place until the 1980s.  4
 
 
 
The Encyclopedia of World History, Sixth edition. Peter N. Stearns, general editor. Copyright © 2001 by Houghton Mifflin Company. Maps by Mary Reilly, copyright 2001 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved.

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