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Alfred Deakin, as Prime Minister of Australia during the early 20th century, implemented significant reforms including the expansion of Australia’s social welfare system, such as the introduction of old-age pensions. He also played a crucial role in promoting Australia's manufacturing industry through protective tariffs, fostering economic self-sufficiency. Deakin was instrumental in the establishment of the Commonwealth Bank in 1911, which helped stabilize the nation’s financial system. Additionally, he advocated for the development of infrastructure, enhancing transportation and communication across the country.

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