What caused the 2010 mining boom in Australia?

What caused the 2010 mining boom in Australia?

This boom was driven by the discovery and development of new gold and metal mines across the country, but particularly in Western Australia, Queensland and western New South Wales.

When was Australia in a boom?

1880–1890. An investment boom in Australia in the 1880s saw increased economic expansion although the investments were providing less of a return.

What were three effects of the mining boom?

The discovery of various metals in the West led to mining booms. Effects of the boom included creation of new states, construction of the transcontinental railroad, a new wave of settlers, and benefits to the industry.

How long did the mining boom last?

The mining boom dates back to 2005. There was a subdued period during the global financial crisis, before it picked up again over the period 2010–12. The model database was for 2004– 05, suitable for the impacts of the mining boom to be assessed on an average annual basis over the period 2004–05 to 2011–12.

When did Australia become industrialized?

Australian manufacturing was supercharged in the 1800s by the enormous scientific, engineering, communications and transport advances occurring in Britain at the time on account of the Industrial Revolution. In the colony, human and animal power gave way in the early 1800s to wind power.

What caused the 1890s depression in Australia?

The 1890s depression in Australia occurred after the land boom bubble of the 1880s burst. Overseas investment dried up, banks failed and unemployment soared. Relief societies were formed in many parts of the country to distribute aid to poverty-stricken families – generally of meat, bread and tea.

Why did miners go blind?

Miners’ nystagmus is an occupational neurosis which is confined to workers in coal mines. The chief symptom and physical sign is a rotatory oscillation of the eyeballs, which prevents the miner from accurately fixing anything towards which his vision is directed.