Australian gold rushes Australian gold rushes During the Australian gold rushes, significant numbers of workers (both from other areas within Australia and from overseas) relocated to areas in which gold had been discovered. A number of gold finds occurred in Australia prior to 1851, but only the gold found from 1851 onwards created gold rushes. This is mainly because, prior to 1851, the colonial government of New South Wales (Victoria did not become a separate colony until 1 July 1851) had suppressed news of gold finds which it believed would reduce the workforce and destabilise the economy. After the California Gold Rush began
California Gold Rush stores in Sacramento, Coloma, and other spots in the goldfields. Just as the rush began he purchased all the prospecting supplies available in San Francisco and re-sold them at a substantial profit. Some gold-seekers made a significant amount of money. On average, half the gold-seekers made a modest profit, after taking all expenses into account; economic historians have suggested that white miners were more successful than black, Indian, or Chinese miners. However, taxes such as the California foreign miners tax passed in 1851, targeted mainly Latino miners and kept them from making as much money as whites, who did not