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By now goldfields were being rapidly opened in the 1850s. Which ment there was a growing demand for shovels etc.
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This gold rush caused victoria and New South Whales to be come wealthy but also there population grew.
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When gold was needed steam engines were created and in Ballarat there was 13 steam engines. They were mainly used to pump out water for the gold mines.
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repairs and maintenance was needed for machines. that lead to the first cast-iron foundary in Melbourne.
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In 1858 Ballarat had 135 steam engines for pumping water out of the gold fields mainly.
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A rolling mill was established and was later to establish iron and steel works in NSW.
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In 1861 there was 342 steam engines working to pump out water from the goldmines.
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By this date Ballarat had
foundaries-10
mining equipment-8
farming tools maintenance-2 -
Gold boosted Australias economy which allowed Australia to develope a industrial society.
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Australias industrilisation slowned down dramatically.