Overview
For a number of years the output from Victoria was greater than in any other country in the world with the exception of the more extensive fields of California. Victoria's greatest yield for one year was in 1856, when 3,053,744 ounces of gold were won from the diggings.
Gold was first discovered in Australia on 15 February 1823, by assistant surveyor James McBrien, at Fish River, between Rydal and Bathurst (in New South Wales). The find was considered unimportant at the time, and was not pursued for policy reasons.
Gold discoveries in Beechworth, Ballarat and Bendigo sparked gold rushes similar to the California Gold Rush. At its peak some two tonnes of gold per week flowed into the Treasury Building in Melbourne.
The £500,000 million worth of gold exported to Britain in the fifties paid all her foreign debts and helped lay the foundation of her enormous commercial expansion in the latter half of the century.
Melbourne was a major boomtown during the gold rush. The city became the centre of the colony with rail networks radiating to the regional towns and ports. Politically, Victoria's goldminers introduced male franchise and secret ballots, based on Chartist principles. As gold dwindled, pressures for land reform, protectionism and political reform grew and generated social struggles. A Land Convention in Melbourne during 1857 demanded land reform. Melbourne became one of the great cities of the British Empire and the world. Following the huge gold rushes were the Chinese in 1854. Their presence on the goldfields of Bendigo, Beechworth and the Bright district resulted in riots, entry taxes, killings and segregation in the short term and became the foundations of the White Australia policy. In short, the gold rush was a revolutionary event and reshaped Victoria, its society and politics.
Read more about this topic: Victorian Gold Rush