How Did The Gold Rush Affect The Economy

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Name: Pham Nguyen Tuong Vy Tutor: Celia Thompson
Student ID: 860173 Monday 11am-1pm Introduction:

In many parts of the world, it is recorded that most of the gold rush activities occurred during the middle of the nineteenth century. In Australia, gold was found in many places before 1851. However, until 1851, the trend of seeking for gold was not created. Many places across the country have greatly benefited by the gold rush. As the result, new cities were established. Besides, gold rushes have played an important role to boost the country economy as it enhanced global trade and investment.

Although gold rush activities could bring a significant effect on the country's economy, it also had its downsides. The desire of finding golds can make people come to the decision of relocating their places to the gold fields. Australia, at that time, had a considerable number of gold fields. Therefore, the country attracted a huge number of immigrants with the purpose of seeking for golds. As a consequence, the population boom took place and the community became uncontrollable. Due to the flow of immigration, the racism and shortage of welfare issues arose. Furthermore, most of the workers have left their current jobs to become miners, resulted in the imbalance of labour distribution. Also, mining activities such as digging and burning …show more content…
It will discuss and then analyse the positive and the negative effects caused by gold rushes in relation to various systems of Australia such as economic, social and political as well as environmental. There is no doubt that the gold rushes have significantly influenced Australia. Thus, it leads to the transformation of this nation. This essay will strongly argue that the ‘gold rushes’ played a critical role which has opened the new chapter in Australian

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