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The First Fleet brought the initial population of 70 sheep from the Cape of Good Hope to Australia
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Some of the first dozen Spanish Merinos were brought to Sydney from Africa. The sheep were acquired by Captain John Macarthur and Samuel Marsden. The Australian wool producers used selective breeding to breed the Merinos that suited to Australian condition.
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The 1st auction of Australian wool was held in London, at Garraway's Coffee House in Change Valley
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London wool buyers: "That's the softest and finest fleece of wool ever!"
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Australia was challenging Spain and Germany as the main suppliers of wool to England. Japan became the second biggest wool buyer of Australian wool, after England
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Thomas Mort set up the 1st wool auction in Australia. It was held in Sydney. Most of the Australian wool was shipped to England for sale in auction rooms or by private deals.
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Between 1830 and 1850,the value of the wool export increased from 2 million pound to 41 million pound
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Big wool trading companies established permanent offices in Australia
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Australia became the world no.1 wool producer and supplier. It was the golden time for the pastoralists, they built mansions other expensive structure
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During the long pastoral boom, the number of the sheep increased from 40 million to 106 million.
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The Federation Drought cut the sheep number by 50 million. This was of critical importance as at that time fleeces cost from 5 pounds to 10 pounds
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In the 1st World War, wool was urgently needed for military uniforms and other military purposes. The English government purchased the whole Australian wool clip at a fixed price
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The UK decided to purchase 50% of the total export.
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The International Wool Secretariat formed and the formula for it's funding by 3 original partner countries (Australia, New Zealand and South Africa
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The number of sheep increased to 180 million
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A review of the 1980's showed favourable season and high demand, and Australian wool production increased to over 1000 million kg
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The Australian wool Research and Promotion Organisation established under the Australian wool Research and Promotion Act.
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The wool processing industries in all the western country was challenged by China. China became Australian largest wool processor