henry frencham was involved in the gold rush in australia.
henry frencham was involved in the gold rush in australia.
who was involved in the gold rush in australia?
henry frencham
the gold rush stimulated economies around the world as well. farmers in chile, australia, and hawaii found a huge new market for their food; british manufactured goods were in high demand; clothing and even prefabricated houses arrived from china. the return of large amounts of california gold to pay for these goods raised prices and stimulated investment and the creation of jobs around the world. australian prospector edward hargraves, noting similarities between the geography of california and his home country, returned to australia to discover gold and spark the australian gold rushes. preceding the gold rush, the united states was on a bi-metallic standard, but the sudden increase in physical gold supply increased the relative value of physical silver and drove silver money from circulation. the increase in gold supply also created a monetary supply shock.
california gold rush
bullet::::- leech river, leechtown gold rush, vancouver island (1864–65)









































bullet::::- west coast gold rush, south island, new zealand (1864–67)









































bullet::::- big bend gold rush, british columbia (1865—66)









































bullet::::- francistown gold rush, british protectorate of bechuanaland (1867)









































bullet::::- omineca gold rush, british columbia (1869)









































bullet::::- wild horse creek gold rush, british columbia (1860s),









































bullet::::- eastern oregon gold rush (1860s–1870s)









































bullet::::- kildonan gold rush, sutherland, scotland (1869)









































section::::notable gold rushes by date.:rushes of the 1870s.









































bullet::::- lapland gold rush, finland, 1870









































bullet::::- cassiar gold rush, british columbia, 1871









































bullet::::- palmer river gold rush, palmer river, queensland, australia (1872)
gold rush