Australian Federation Gold Rush (jan 1, 1901 – jan 1, 1914)

Description:

- Australia federates on January 1, 1901, while, the gold rush of the 19th Century continues.
- There is an influx of migration due to the large amounts of valuable minerals available in Australia.
- The gold rush increased demand for gold and its prices, meaning there was a huge growth in gold exports from Australia.
- This was significant in allowing stablisation of the new Australian economy and provided gold the opportunity to become a major commodity, particularly for exports.

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