1851 in Australia city in the Dandenong Ranges, Belgrave was first settled, making it the oldest town in the Dandenong Ranges. Governors of the Australian colonies: 1851 in Australia 1851 in Australia was a watershed year. 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. 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 1861. Victoria became a self-governing colony. Sentiment
California Gold Rush 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