Victorian gold rush resuming in both of the major fields of Bendigo and Ballarat. Exploration also proceeds elsewhere, for example, in Glen Wills, an isolated mountain area near Mitta Mitta in north-eastern Victoria. Victorian gold rush The Victorian gold rush was a period in the history of Victoria, Australia approximately between 1851 and the late 1860s. It led to a period of extreme prosperity for the Australian colony, and an influx of population growth and financial capital for Melbourne, which was dubbed "Marvellous Melbourne" as a result of the procurement of wealth. The Victorian Gold Discovery Committee wrote in 1854: For a number
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