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NSWModern HistoryQuick questions
Section II (National Study): Indonesia 1942-2005
Quick questions on The Asian Financial Crisis and Fall of Suharto May 1998: HSC Modern History
5short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What are the Asian Financial Crisis breaks?Show answer
The crisis began outside Indonesia. Thailand floated the baht on 2 July 1997 after defending it had exhausted foreign reserves. Speculative attacks spread along the region's pegged currencies. Indonesia widened the rupiah trading band on 11 July 1997 and abandoned the peg entirely on 14 August 1997.
What is the economy on the street?Show answer
GDP contracted by 13.1 per cent in 1998 (the largest annual fall in any peacetime modern economy). Poverty headcount more than doubled from around 11 per cent in 1996 to around 23 per cent at the trough. Inflation reached around 78 per cent in 1998. Around six million Indonesians lost jobs.
What is q1?Show answer
Source A is a photograph from the May 1998 Trisakti shootings. Using Source A and your own knowledge, explain the fall of Suharto. [5 marks]
What is q2?Show answer
Evaluate the extent to which the fall of Suharto in 1998 was the result of economic crisis rather than political demand. [25 marks]
What is q3?Show answer
Compare the views of R.E. Elson and Adrian Vickers on the fall of Suharto. [10 marks]
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