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Gold Was The Making Of Victoria - Essay

Gold Was The Making Of Victoria

The Gold Rush of the 1850s was a major turning point in Australian colonial history. The Gold Rush led to a rapid increase in population, the hastening of a democratic government, economic growth; a huge influx of money which made the colonies prosper, especially Victoria. All this made Australia the country we know today.
The Gold Rush had brought a myriad of people into the country. The population trebled between 1850 and 1861. In 1852 alone, 370,000 immigrants arrived in Victoria; taking the population from around 300,000 to a massive 700,000. As a result, conflict between different races emerged. The worse affected being the Chinese, the Chinese had always been the outcast on the ...

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Australian economy was thriving.
One of the big effects of the Gold Rush was the boom in the Australian economy. This was caused because of the huge influx of money pouring into the country. On public works in Australia increased from 122000 pounds in 1852 to 356000 pounds in 1853, this is clear evidence that there was a lot ofmoney. Victoria had contributed around one third of the world's gold output in the 1850's. As a result there were a lot of people becoming rich. Miner's weren't the only ones profiting from the Gold Rush though. Industries were established to serve the miners and employment opportunities were abundant; the number offlour mills jumped from 20 in 1853 to 40 in 1854. More industries were set up. More people could go to work; the production of bushels of wheat rose from 250in 1854 to 1148 in 1855. With more money out there, more grander buildings could be built. More schools were also built. The living standards were raised. But questions were being asked about ...

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Gold Was The Making Of Victoria. (2011, November 23). Retrieved November 20, 2024, from http://www.essayworld.com/essays/Gold-Was-The-Making-Of-Victoria/100056

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PAPER DETAILS

Added: 11/23/2011 05:58:00 AM
Submitted By: Synqah
Category: Economics
Type: Premium Paper
Words: 528
Pages: 2

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