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
Klondike Gold Rush Dawson alone during a single week in August. The Klondike gold rush was over. Only a handful of the 100,000 people who left for the Klondike during the gold rush became rich. They typically spent $1,000 ($27,000) each reaching the region, which when combined exceeded what was produced from the gold fields between 1897 and 1901. At the same time, most of those who did find gold lost their fortunes in the subsequent years. They often died penniless, attempting to reproduce their earlier good fortune in fresh mining opportunities. Businessman and miner Alex McDonald, for example, continued to accumulate land