1927 and 1928 and the gradual improvement shown in the seasons leading up to those years in 1929. In a great effort by the Blues, they would lose only three times during the home and away season, twice to the powerhouse of the competition of the time, Richmond, and once to Collingwood. In fact, Collingwood went through the entire 1929 regular season undefeated, with a stunning 18-0 record. Carlton would finish in second place, two and a half games in front of Richmond in third place.
The Blues would play St Kilda in the first Semi Final, kicking four goals to nil in the first quarter to lead by a handy 28 points at quarter. The Saints would fight back in the second term, kicking four goals to one to close the gap to 7 points by half time. Carlton would match St Kilda goal for goal in the second half, to win by a narrow 8 points (12.9 81 to 11.7 73) and arrange a meeting with Richmond in the Preliminary Final.
Carlton would enter the Preliminary Final against the Tigers having lost twice to them, by 10 points in round 2 at Punt Road and by 36 points (round 13) at Princes Park. The Blues got off to a good start, kicking 6 goals to 4 in the first quarter to lead by 12 points. The Tigers responded in the second term, leading by 10 points halfway through the game. Kicking 5 goals to 3 in the third quarter, the Blues led by 4 points at the last break, but couldn't hold on and lost by 6 points. For the third year in a row Richmond knocked Carlton out of the finals.
Coach: Dan Minogue
Leading Goal-kicker: Harry Vallence - 64 goals (Received a gold medal from the club for highest number of goals in one season))
Best & Fairest: Horrie Clover
Most Improved: C. Davey
Most Consistant: F. Gilby
Best Ultility:R. Brew
First Season Player: Frank Gill (cheque), Charlie Parsons (trophy), Alec Doyle (cuff-links)
Fred Williams, Ansell Clarke, Jack King, Tom Byrne , Jack Green, Noel Peverill, Ernie Sheil, Jim Crowe, Alec Doyle, Frank Gill, Aubrey Martyn, Charlie Parsons
This was second behind Geelong's £2,302
This was the highest payment in the League ahead of Collingwood's £2,400.($4,800)
Lowest of the 11 clubs was Hawthorn with £1,287 (Melbourne's total was not available)
"Carlton last season (1929) paid the players £3 10/ ($7) per man per match, and at the termination of the season distributed a bonus of £2 5/ ($4.50) per match, making a total weekly payment £5 15/ " ($11.50)
An urban worker was paid an average of £189 per year 1920-21, but this had fallen to £179 per year by 1928-29.
Average wages of £3/12/6 ($7.26) per week by the end of the decade had fallen to £3/8/ 8d ($6.88) due to the Great Depression which started in 1929, so this year a senior Carlton footballer who had a full time job, would have been and able to nearly triple his wage.
The economic depression would last until the outbreak of WW2 with Australia's unemployment rate hitting 29% in 1932.
(This was higher than in the USA where unemployment peaked at 25% in 1933.)