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Opening up of goldfields.
In the 1850's, there was a rapid opening of goldfields and there was a growing demand for picks, shovels and other tools for picking gold. -
Gold rushes brought wealth and increase in population.
In 1851, in both NSW and Victoria brought not only wealth but and increase in population. -
Ballarat found eight mining equipment foundries.
In 1861, Ballarat had found eight mining equipment foundries. -
A severe resussion.
In 1891-1892, there was a severe resussion in Australia which slowed industrialistaion.