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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.
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In 1851, in both NSW and Victoria brought not only wealth but and increase in population.
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In 1861, Ballarat had found eight mining equipment foundries.
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In 1891-1892, there was a severe resussion in Australia which slowed industrialistaion.