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The Victorian gold rush was a period in the history of Victoria, Australia, approximately between 1851 and the late 1860s. It led to a period of extreme prosperity for the Australian colony and an influx of population growth and financial capital for Melbourne , which was dubbed " Marvellous Melbourne " as a result of the procurement of wealth.
During the Australian gold rushes, starting in 1851, significant numbers of workers moved from elsewhere in Australia and overseas to where gold had been discovered. Gold had been found several times before, but the colonial government of New South Wales (Victoria did not become a separate colony until 1 July 1851) had suppressed the news out of the fear that it would reduce the workforce and ...
The stately Victorian architecture of Dunedin, New Zealand, is a result of the capital brought into the city by the Otago gold rush of the 1860s. Uranium bubble of 2007 [ 1 ] This is a list of economic booms created by physical commodities .
The gold rushes caused a huge influx of people from overseas, including from many non-British sources. In the 1850s Victoria was Australia's gold mining centre, its population increasing from 76,000 in 1851 to 540,000 in 1861. Australia's total population more than tripled from 430,000 in 1851 to 1.7 million in 1871. [9]
In ten years the population of Victoria increased sevenfold from 76,000 to 540,000. All sorts of gold records were produced including the "richest shallow alluvial goldfield in the world" and the largest gold nugget. Victoria produced in the decade 1851–1860, twenty million ounces of gold, one third of the world's output.
The Colony of Victoria was a historical administrative division in Australia that existed from 1851 until 1901, when it federated with other colonies to form the Commonwealth of Australia. Situated in the southeastern corner of the Australian continent , Victoria played a significant role in the country's colonial history and development.
This led to gold fever taking hold as the colony's population increased from 77,000 in 1851 to 198,496 in 1853. [8] In three years, the total number of people living in and around the Victorian goldfields stood at a 12-month average of 100,351. In 1851, the Australian population was 430,000. In 1871, it was 1.7 million. [9]
It saw the start of the Australian gold rushes with significant gold discoveries in both New South Wales (near Bathurst) in February and Victoria in July. [1] As a result of the Gold Rushes, the European population of Victoria increased from 97,489 in 1851 to 538,628 in 1861 and the population of NSW increased from 197,265 in 1851 to 350,860 in ...