'Shall Australia be a sheep-run or a nation?', asked nationalists after the First\ud
World War. While this sentiment was not new, the war created an atmosphere in\ud
which the equation of nationhood with greater industrial self-sufficiency complemented\ud
the federal government's economic aims. Woollen manufacture proved ideally suited as\ud
a centre-piece in the campaign to promote local manufacture. Failure to develop the\ud
country's best known national export - wool - threatened to incline Australia more\ud
towards being a metaphoric sheep-run than an independent nation. Such apprehensions\ud
assisted in woollen manufacture becoming one of the sentimental icons in the push to\ud
industrialise. This work focuses primarily upon the establishment of two British\ud
woollen manufacturers, Kelsall & Kemp and Patons & Baldwins, whose foundation\ud
derived from the relationship between economic policy and Australian nationality.\ud
Concentration is upon the period between World War I and the Depression. During\ud
this period Australia's woollen industry made a successful transition from holding a\ud
minor domestic market share to being pre-eminent within the Australian market. The\ud
thesis does not attempt to provide a comprehensive study of the two companies even\ud
during the period emphasised. It rather examines how these companies' experiences\ud
relate to the broader concerns and practicalities of industrial development. It also\ud
explores how closely reality mirrored industrialisation's promises, as well as and the\ud
associated benefits and costs. Symbolic of the contradictions characterising the 1920s\ud
were attempts to achieve greater industrial self-sufficiency through the attraction of\ud
companies controlled outside Australia. The influences of external control at Kelsall &\ud
Kemp and Patons & Baldwins were evident during these companies' establishment\ud
phase. The repercussions of direct foreign investment, however, become increasingly\ud
apparent in the late twentieth century. To demonstrate the progression of ideas, values\ud
and policies within Australia, the thesis' final chapter surveys the period since 1930.\ud
For decades the hopes of the 1920s seemed on the way to fulfilment, but more recently\ud
that prospect has diminished