Buy custom Australian Urbanisation early 1900's
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| Topic: |
History
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| Number of pages / Number of words: |
8 / 2222 |
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In Hobart, for example, Profits being made in Victoria were used in the formation of new companies and enlarging existing ones. The gold also found its way into the bank balances of the various societies and clubs. Through this time Hobart was at the height of its prosperity as urbanisation flourished...
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When the gold fields dissipated, mining, where it persisted on a substantial scale, became an urban industry encouraging the growth of cities. However, in Hobart an economic decline occurred when the economy collapsed to its natural level between 1860 and 1865.
The period after the gold rushes, 1860 to 1890, saw over-seas borrowing become more important than domestic savings as a source of investment funds...
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